Updated over 1 year ago on . Most recent reply
Newbie interested in Detroit real estate market-Could you recommend a reliable agent?
I am a first time out of state investor interested in buy my first rental property in Detroit that can cash flow after fixing and gain equity. Could you recommend a reliable agent and property manager that I can work with to kick start my journey?
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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
@Hamidou Keita you ant to be careful in selecting an agent and a PMC!
+95% of agents have only done owner-occupied transactions, which are mostly emotional-based. As an investor, you should only make numbers-based purchases.
Also, agents are only transaction-based - if they make a mistake (or choose to take advantage of your naivete) they still get their commission check and can disappear:(
So, a great PMC is often the best choice to start with, since they obviously know the rental market and they have to deal with whatever they help you buy, on a daily basis after the purchase!
PM us for more info.
- Drew Sygit
- [email protected]
- 248-209-6824
