Locations to buy and hold

[Nader Hachem]

Hey guys! I’m beginning look to buy my first property for a buy and hold. I wanted to see if anyone had experience in these areas and if they’re good areas to rent in. (Property wise and tenant wise)

Redford twp, Mi

Taylor, Mi

Dearborn Heights, Mi

Melvindale, Mi

What things would you look for in these areas? What are some good and bad things about these areas, if any

[Jordan Jones]

Originally posted by @Nader Hachem:

Hey guys! I’m beginning look to buy my first property for a buy and hold. I wanted to see if anyone had experience in these areas and if they’re good areas to rent in. (Property wise and tenant wise)

Redford twp, Mi

Taylor, Mi

Dearborn Heights, Mi

Melvindale, Mi

What things would you look for in these areas? What are some good and bad things about these areas, if any

Hi Nader,

Hope all is well! I have no personal experience in Dearborn Heights but my property manager told me she manages some properties there that do very well. She said they cash flow well and rent easily. I live right next to Melvindale; schools are bad and I don't think you will see much long term appreciation there. That's just my thought, though. 

I have heard really good things about Redford, but again, I have no personal experience there. I saw a few posts about Redford on bigger pockets actually; you can search for them read them. Lots of great info. Good luck!