Updated about 4 years ago on . Most recent reply

Looking for thoughts on Lansing, Toledo and North Detroit
I'm planning on moving 70% of my portfolio from OR / WA to the midwest. To start with, I'm looking to pick up 5-10 SFHs in a cash flow market. Trying to decide between Lansing, Toledo, and North Detroit (Warren area).
Would love to hear from people who invest in one of these markets regularly and/or recently about why they would choose that market over the other two I listed.
Would also love to connect with any investors who would be willing to share actual numbers from a recent deal. I know there were killer deals in these places a couple of years ago, but want to make sure I'm understanding what recent deals are looking like.
Thanks all!
Most Popular Reply

@Emma Lincoln
My most recent purchase in Warren MI, purchase price or $81k - needs some love then will rent for $1300. Cash flow and ROI monster. The $75-$110k price point with rents of $1000-$1400 is very prevalent here in metro detroit.
Previously the deals were buy for $50k and rent for $850. Great deal. Now, the deals are buy for $90k and rent for $1250. Still a great deal because rents are higher now too.
- Joe Hammel
- [email protected]
- 330.844.5209
