Out of State Detroit Investing

Out of State Detroit Investing

Keith CareyPro Member
Alhambra, CA · Member since 2017 · 7 posts · 6 votes

Listened to BP #331 with Ashley Hamilton and feel like Detroit would be a good area to invest in and to help rebuild the neighborhood, in a sense.  I've been looking at listings, analyzing deals, listening to webinars, and of course delving into BP Books.  I'm from California (Southern).  Anyone interested in sharing ideas? 

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Rental Property Investor · Detroit, MI · Member since 2018 · 380 posts · 244 votes
7y

@Keith Carey,

I would start to find reliable and good people to work with here, then maybe do a visit. I work with out of state investors so I just want you to get good deals sent to you.

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  • Rental Property Investor · Dayton, OH · Member since 2018 · 234 posts · 183 votes
    7y

    I know very little about this, but what I do know is that the city is desperate for income. They will try to sell for super cheap (up front) but then have high property taxes or past taxes unpaid come back. 

    Best of luck, let me know what happens

  • Rental Property Investor · Detroit, MI · Member since 2018 · 380 posts · 244 votes
    7y

    @Keith Carey,

    I would start to find reliable and good people to work with here, then maybe do a visit. I work with out of state investors so I just want you to get good deals sent to you.

  • Keith CareyPro Member
    OP
    Alhambra, CA · Member since 2017 · 7 posts · 6 votes
    7y

    @ Jamiel Strickland

    Thanks! That's where I am at right now.  Looking for a good team! I know I need that in place first.  In the meantime, I am working on analyzing deals.  I'd love to connect with you.

  • Member since 2019 · 1 post · 0 votes
    7y

    Hey all! I'm a newbie here in Detroit. The real estate is what drew me here from the San Francisco. I'm a general contractor and I'm totally focused on doing renovations and making my own deals.  After one year studying the market I have decided to get my first deal by the end of August. I've adjusted my estimating to Detroit pricing and needs. I would be happy to help remote investors with a rehab estimate if you want a first or second opinion. 

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