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Updated over 6 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • Member since Mar 28, 2018
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Account Closed
  • Member since Mar 28, 2018
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Account Closed
2
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5
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General Real Estate Investing

Invest in Detroit? Thoughts?

Account Closed
Posted
Hi Everyone, I am interested in looking at new up and coming areas and wanted to know what the BiggerPockets community thought about investing in Detroit MI. There seem to be affordable properties that fulfill the 1.5% to 2% rental price to purchase price guideline. Is it too late to invest properly in Detroit? Or too early? I understand there will be good and bad areas of the city but just curious what the consensus was here at BiggerPockets.
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Brent Maxwell's profile image
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Brent Maxwell
  • Real Estate Agent
  • from Detroit, Michigan
  • Member since Feb 3, 2016
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Brent Maxwell's profile image
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Brent Maxwell
  • Real Estate Agent
  • from Detroit, Michigan
  • Member since Feb 3, 2016
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Brent Maxwell
  • Real Estate Agent
  • Detroit, MI
52
Votes |
82
Posts
Brent Maxwell
  • Real Estate Agent
  • Detroit, MI
Replied

Hi Alan,

It is all about location. It is difficult for an out of market investor to do well in Detroit without a strong team on the ground...or even better a local partner. 

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