Any comments/suggestions/advice on investing into Detroit market?

Any comments/suggestions/advice on investing into Detroit market?

Real Estate Agent · Queens Village, NY · Member since 2013 · 3 posts · 2 votes

Hi Everyone,

Hope all is well!

I have a planned trip to Detroit, Michigan for a business conference.  I will be staying a few extra days to look at potential properties to invest in.  I would love to hear about any advice/suggestions that people might have.  Suggestions on areas I should pass around would be awesome.

Anyone that lives in Detroit would be ideal! :) 

I look forward to hearing everyones advice!  

Thank you!

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Flipper/Rehabber · Jersey City, NJ · Member since 2016 · 158 posts · 86 votes
9y

I would also like to hear from other BP members and invrstors active in Detroit as out of state investors with regards to the buy and hold opportunities and mainly good property management companiesin Detroit.

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  • Flipper/Rehabber · Jersey City, NJ · Member since 2016 · 158 posts · 86 votes
    9y

    I would also like to hear from other BP members and invrstors active in Detroit as out of state investors with regards to the buy and hold opportunities and mainly good property management companiesin Detroit.

  • Detroit, MI · Member since 2017 · 8 posts · 1 vote
    9y

    Hi, Juan and Kunal, what is your strategy for buying properties out of state? I would be interested in learning how you're dealing with some of the issues and what are your long term goals.

    I'm a newbie investor in the Metro area and it seems that good property management companies are hard to come by in the area. So people are saying.

  • Real Estate Professional · Detroit, MI · Member since 2015 · 22 posts · 12 votes
    9y

    Hi Juan! It depends on what you are looking for, the city of Detroit and surrounding areas have lots to offer! Have you already visited the city? 

  • Linda LabbePro Member
    Investor · North Bay, Ontario · Member since 2015 · 709 posts · 263 votes
    9y

    love thethings I see in detroit but as of yet have not been able to eatablish a reliable team on the ground  so am not investing there as of yet

  • New York, NY · Member since 2017 · 57 posts · 11 votes
    9y
    I will also be in Detroit for about a week or so and would like to start setting in place some meetings to see if I can start the process of purchasing a property. Open to suggestions!
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