Updated over 16 years ago on . Most recent reply
Newbie Wholesaler in Detroit
Anybody from the Detroit, MI area? I'm a newbie/wannabe wholesaler. [LET ME KNOW] if you live in this area and you have experience and similar interests. Thanks.
Most Popular Reply
You can get cheap cash flowing houses in Detroit. I'm in contract to purchase one right now for $16,900 that was just rehabbed earlier this year that has a tenant paying $500 per month rent. The house is supposedly worth about $56K, although that's only based on internet appraisals and not a real appraisal.
I actually have too much going on right now and am not really set up in Detroit with a team, so I will probably back out of this deal, but if you're interested let me know and I'll connect you to the wholesaler that brought me the deal (for no charge).
Dawn