Developer · Atlanta and Detroit · Member since 2018 · 601 posts · 821 votes
Hi All
Its interesting, I have not been posting on this forum for very long, however I have noticed there is a perception that cheap/lower end price points (properties) equates to buying in war zones. But is this really true?
I am sure in some cases this could be correct.
At the moment I have been targeting what I consider good bread and butter neighbourhoods that represent good value, where the numbers stack up, cash flowing, and where there is some upside.
By this I am seeing the market tightening and buyers are jumping in which is driving up the demand.
What does this mean for us.... BOOM
The idea for me is to hold cash cows for income and appreciation
Here is a recent buy, and the numbers...… zip code 48203
Awesome! Keep it up, keep growing! We had 16 units 2 years ago, and I had a goal to double each year, up to 65 units now, and closing on another 20 unit by the end of the year. :)
Good work! Wonderful looking home! Teleport that to Portland OR for me and it is 400k+ .
You are right, if you find the right areas and know your market, go for the rent returns and if the capital gains come then they are just the cherry on top!
How many total units do you have in areas like this? I have purchased some properties in Memphis that cash flow very well, my concern is always scale as I do not live there...and finding good PMs
Awesome! Keep it up, keep growing! We had 16 units 2 years ago, and I had a goal to double each year, up to 65 units now, and closing on another 20 unit by the end of the year. :)
3/4 of that zipcode is a war zone. The westside of the zipcode is much better. Without even knowing the address, based on the design of the street, the houses I would guess this house is West of Woodward and North of Puritan, but south of 6 Mile/McNichols.