Updated over 5 years ago on . Most recent reply
which state to invest
Hi All,
The market that I live in is very HOT, $500K is the starting point.
I'm looking for states, which have around $100K single house, and generate around $1000 rental income monthly.
If anyone has good lead, any advise will be appreciated.
Thank you!
Michael
Most Popular Reply
Hi Michael - Metro Detroit, and other midwest cities for that matter, is a good place to find something like that. We do a lot of business here with out of town clients in those ring areas surrounding Detroit as well for those who are not comfortable investing in the actual city of Detroit. There is just so much opportunity in SFR and MF with a low barrier of entry here. For example, just did a walk through for an out of town client yesterday in a completely turnkey property listed at 99.9k that will rent easily for $1000+. Just the perks of living in the middle of the country rather than some of the cities on the coasts!