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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

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Jeff Neikrie
  • New York, NY
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Investor approaching the Detroit market, looking to build my core four

Jeff Neikrie
  • New York, NY
Posted Dec 24 2023, 11:37

Hi BP Community, I'm an investor in a few Ohio markets and I'm looking to break into Detroit. I live in New York.

My initial research points to Detroit being an excellent cashflow market, almost too good! I would love some candid feedback from those local in Detroit especially those of you RE professionals that work with out of state investors. 

What are some up and coming neighborhoods?
Outside of the typical challenges for out of state investing, what are some of the pitfalls that may be unique to investing in Detroit?
Why are you excited about Detroit as a market in the long term?

Feel free to reply anything else you would like to share. I'm looking to network with best-in-class Agents, Property Managers, Contractors, and Lenders. 

Thanks for taking the time read my post - happy investing!   

Jeff

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