Updated almost 4 years ago on . Most recent reply
Investing in Pontiac Michigan
Hello fellow BP Members!
I have been trying to find an area where property values are still low but the potential for future growth is constantly increasing. This resulted in me finding Pontiac, Mi. This area has seen some truly hard times BUT lately there has been a ton of industry moving there.
Amazon distribution warehouse built on the entire Pontiac Silverdome land
United Wholesale Mortgage headquarters moved in and purchased a lot of surrounding land
M1 Concourse Racetrack and Luxury Car Condos built
Has anyone else looked at Pontiac for a potential area for investment? If so, how has your experience been?
Thank you for any help!
Adam C.
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#1 All Forums Contributor
- Property Manager
- Royal Oak, MI
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#1 All Forums Contributor
- Property Manager
- Royal Oak, MI
Pontiac has a majority of Class C tenants, just like Detroit.
Pontiac, in our experience though, has better city services and is less tenant-friendly than Detroit.
So, Pontiac is a pretty good place to invest - if you understand Class C markets.
- Drew Sygit
- [email protected]
- 248-209-6824
