All Forum Posts by: Alex K.

Detroit Michigan and the surrounding suburbs! 

@Fernando Domingo

Window Ac units are Very common in the bungalow style homes in Metro Detroit even with a central unit system cooling the main level.

@Joett Ocasio Buy Cash. Loan for rehab. Rent with property management as you’re not local. 6 months after your purchase appraisal and cash-out. Repeat.

Location and neighborhood is 🔑

@Dale Abella keep it real short and simple when rent is due.

@Thomas Moran Waive the 2500 non refundable deposit b.s. until after inspection. I assume you are buying cash. If the deal is there and the wholesaler is a professional it shouldn’t be a problem especially if it’s a fixer upper kind of condition.

@Benjamin Molnar Detroit is More of a buy and hold market.

You run across good flips in the suburbs neighboring

Detroit.

Flipping in Detroit is Very possible and many people do it but majority of investors active in Detroit Buy and hold.

@Javier Gaillard

There is a lot of info to share on this particular subject!

Let’s make it specific to What your goals are and what you’re looking to do in Detroit?

NOT ALL! BUT MAJORITY of Detroit is more of a buy and hold market as opposed to fix and flip in my opinion.

The surrounding suburbs would be ideal for fix and flips or buy and hold as well if you can get them at a discounted rate.

@Marisa R. Rosedale park and Grandmont-Rosedale

@Madison Loftis downtown will be impossible. Near Downtown will be difficult or pricey with probably no Rehab Needed. Certain pockets of Detroit and upcoming Neighborhoods as close as possible to Downtown,Universities, Historical Districts and Hospitals are the ideal areas for something you’re looking to do. In that case buy cash, finance the rehab if needed and Appraisal 6 months later to cash out.

@Michael Volek some of each and everything to sum it up. What about you?