All Forum Posts by: Alex K.

I’ve been looking into getting in the New Center Market in Detroit. Worth it or nah?

@Jerrel Jones you need to know your market before you sign a deal or even go look at a property. It needs to be in a desirable neighborhood.

Wholesaling is a great method to raise capital and come across deals.

I do some wholesaling myself but only take on the ones where I know I can push easy and I understand not every lead is a deal.

Detroit can be tough if you don’t know The Ins and outs. Many people are successful in Detroit as well but there’s many factors that come into play in being successful in wholesaling. Knowing your market and your numbers is a great place to start.

@Eric Allgeier should’ve started the process 2 weeks ago.

@Nathan Killebrew. Very simple! Get new friends!

@Tiffany Perry I just sent you a connection request.

@Tiffany Perry I agree with you it is neighborhood by neighborhood in Detroit. Just need to know where to Buy. Properties in Desirable neighborhoods usually don’t last too long. If you were to flip that Morningside house in today’s date you wouldn’t have a problem.

The city is making substantial progress week by week month by month and year by year.

As far as contractors and subcontractors etc. I have somewhat of an advantage being a builder/ General Contractor prior to getting into real estate.

As far as The lead based paint I usually have one of my subcontractors that has his certification do the scraping and skim coating and prImer just to be on the safe sIde. I’m considering just getting my cert for it as well. Its only like 32 hours but have been procrastinating. 😑

A wise man once also told me that senior citizens are not that bad of tenants because there’s no drama in their life anymore. They take care of their things and more than likely will not be moving and jumping around from property to property which made sense to me.

I personally don’t have any seniors as tenants myself but wouldn’t mind taking a 50-75 dollar cut on the rent to have a piece of mind.

I also have loan officers will give you a loan on your Detroit property all day no problem.

@Michael Harris Metro Detroit is “Proper” Detroit and surrounding suburbs. Some people say tamata some people say tomato. To each their own.

@Michael Harris must have been a while since you have been to the neighborhood. It’s changed and improved since 2016.

@John Thedford You must have had a bad experience with a wholesaler I’m guessing.

@Jay Bob suing for this sounds like a waste of time.