James WisePoster
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This Detroit “Light Rehab” Turned Into a $25K Disaster
James WisePoster#4 All Forums Contributor
#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
This Detroit “Light Rehab” Turned Into a $25K Disaster
An out-of-state investor bought what the seller described as a light Detroit rehab with roughly $8,000 in repairs—but the real number was closer to $25,000. In this video, James Wise explains how major electrical, plumbing, roofing, and property-condition problems can turn a cash-flowing rental into a money pit when investors rely on bad estimates instead of experienced local professionals who know what to look for.
Offering
Detroit, Michigan