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Updated about 7 years ago on . Most recent reply

Martin Grazziano's profile image
Martin Grazziano's profile image
Martin Grazziano
  • from Miami, Florida
  • Member since May 23, 2017
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Martin Grazziano's profile image
Martin Grazziano's profile image
Martin Grazziano
  • from Miami, Florida
  • Member since May 23, 2017
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Martin Grazziano
  • Miami, FL
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Buying & Selling Real Estate

Investing in Detroit, MI. Is it really risky?

Martin Grazziano
  • Miami, FL
Posted

I am planning to purchase a $30k 3/1 SF Home in Detroit.
I receive lots of negative comments about this. I will appreciate some insights as the return % seems to be interesting.

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Matt R.'s profile image
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Matt R.
  • from Sherman Oaks, CA
  • Member since Dec 17, 2013
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Matt R.
  • from Sherman Oaks, CA
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  • Sherman Oaks, CA
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Matt R.
  • Sherman Oaks, CA
Replied

It is possible however you really got to know the locations beforehand. That applies anywhere. Can someone just chuck 30k in a random sfr in D and come out ahead? Not normally imo.

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