Does anyone know about the market in Michigan?

Question

I live in Lansing, Michigan and I’m looking to invest somewhere in Michigan, but I’m unsure of the market. I constantly here mixed reviews about the midwest and would love to hear from someone who is hands on in this market.

Connor Anderson · Answer

Hi @Nate Jefferson Grand Rapids is a great market! Still pretty affordable, cash flows well, and with the strong growth of the city and strong employers in the area, this is a good chance for continued appreciation. Would be happy to discuss the market in more detail sometime.

Gary Carver · Answer

@Nate Jefferson welcome.. Well since I’m not sure of your budget,strategy, risk thresh hold, ..   i will just say.. If you want Detroit proper, You have many options. If Suburbs Research Oak Park, Warren, Eastpointe,Redford. I have many out of state/country getting good returns

Melissa Wesling · Answer

@Todd Atkinson Yes! We are in South Haven, MI.  We are on a few online travel agencies as well as our own website.  I wasn't sure if Nate was looking into short term rentals, so I figured I would mention it!

Drew Brown · Answer

Lansing is a great place to invest. I not only invest in the surrounding area but also work with individuals who have invested in Lansing and it has worked very well for them. Lansing and the surroundIng suburbs provide a great mix of investments for   Just about every type of investing strategy. Hit me up if you would like to discuss more about the area.

Todd Atkinson · Answer

@Melissa Wesling

When you say short term rentals, are these set-up through AirBNB???....what city in Michigan?

Melissa Wesling · Answer

Hi Nate!  I'm not sure of your investment goals, but I have short term vacation rentals in southwest Michigan near the lake and that market is doing well!

Gary Carver · Answer

@Nate Jefferson yea A lot of investors are hesitant to invest in market. It definitely has its oak.  But I have personally had success and I have a lot of investors who have as well.  It’s not for everybody though

Nate Jefferson · Answer

@Toree Barnes Awesome, thanks for the info Toree!

Toree Barnes · Answer

Hi Nate! I am a newbie as well. I know people that have been investing in Detroit for 20+ years and still are to this day. Something that I have learned is that investing in Detroit is a block by block or area by area city. You have to drive around and learn the area because not all areas are the same. From what I hear cash flow is great but you have to do your research on where.

Richard Dunlop · Answer

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Does anyone know about the market in Michigan?

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