Rental Property Investor · South Ozone park, NY · Member since 2014 · 47 posts · 10 votes
Hello everyone
I bought a duplex in Detroit Michigan and I run out of cash to fix it. I was wondering if I should apply for a loan and try to renovate it or sell it. Let me know what you guys think, since this is my first time investor.
This is a tricky one, so yes Blaine St, does have some potential upside being that it is close to Virginia park and New Center but it really depends how close you are to Woodward. Pm me I can help you out being that I know the area well and then from there you can make a better decision on what to do with the home.
Investor · Detroit, MI · Member since 2014 · 360 posts · 354 votes
7y
Where on Blaine St?
If its east of Rosa Parks the $15K investment would be well worth it.
I lean towards holding it $15K isn't much. Also, depending on what you paid for it. You probably just need a local show you how to work the property.
I would guess, get one unit nice and clean get a tenant then AirBnB the other and have the other tenant hand out the keys. Getting a decent tenant shouldn't be too bad, with the right stuff.