Real Estate Agent · Vacaville, CA · Member since 2019 · 45 posts · 19 votes
Hello all,
Rookie here, and I am researching my markets, trying to nail down actual expenses, costs, and the like. I have reached out to two different independent agents that service the Detroit 48205 area I am currently researching/prospecting, etc.
My biggest issue is, as this will be my first property and out of market, I have absolutely no idea what a GOOD insurance policy is likely to cost me for a SFH in that area. I am not asking for anything that I am going to hold someone to, but for a remodeled 2/2, 785 sq ft what is a reasonable amount, and what is high?
I don't go by zip but by municipality. There are a ton of places that could work outside of the city of Detroit. Here are a few:
Allen Park, Dearborn, Southgate, Livonia, Redford, Farmington, Warren (north of fwy), Sterling Heights, Southfield, Royal Oak, Berkley, Ferndale (More North the better)
You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:
You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:
Yep. I saw that and read it all. Great stuff. Even sent you a message here on BP to discuss property management, but guessing you have not seen it yet.