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Michigan Real Estate Q&A Discussion Forum

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Angela Salvant
  • Flipper/Rehabber
  • Palm Bay, FL
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10
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Detroit Average Budget/Loan options

Angela Salvant
  • Flipper/Rehabber
  • Palm Bay, FL
Posted Jul 4 2019, 11:32

Hi all! So I am a new investor headed to the Detroit area! :) I know there are bunch of properties out there at great acquisition prices but also in need of a lot of repair. What is an average budget that you guys seem to have when dealing with distressed properties and their acquisition+rehab costs? Also, what are the typical loans that you've found to work well for you in that area. Just trying to get an insight and game plan properly.

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