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Updated about 1 year ago on . Most recent reply

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Ane Deys
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24
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buying investment property in Detroit

Ane Deys
Posted

Hello all,

I am a newbie into investing with 1 rental property under my belt.  I have been looking and doing some research on different areas to invest into and so far I have gathered information on which zip codes to avoid, the crime data for Detroit & neighboring cities/towns, rental values, demographics &  economic outlook. however, I haven't been able to narrow down on any particular neighborhood yet. I did connect with a realtor in Detroit from BP find an agent tool.

I read a few comments from some of you currently investing in Detroit area. Do you have any recommendations on which cities/ zip codes you find better and which company would you recommend for property management? any ideas / advice will be greatly appreciated.

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Melanie P.
  • Rental Property Investor
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Melanie P.
  • Rental Property Investor
Replied

Detroit seems to be a great market if you're going to be doing the flipping. For turn key rentals I'd urge you to consider first something you can self-manage from home followed by Ohio, Texas, North or South Carolina.

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