best places in detroit

[Mike Mannello]

In your opinion what are the best areas to BRRRR in Detroit?

[David Stevoff]

@Mike Mannello

Your best bet is to BRRR in the suburbs. Detroit being a street by street basis its a nightmare to get a good appraisal even in the hot areas. A couple good suburbs where you will pass the 1% rule are - Harper woods, Roseville, Warren, Eastpointe, Clinton township for east side. For west consider Redford, Taylor, Dearborn Heights, Westland. The suburbs have stable comps and you will be more successful. If you buy Detroit you are most likely going to need cash and buy them for their cash flow not market value. Hope this helps.