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All Forum Posts by: Kevin Yi

Kevin Yi has started 7 posts and replied 45 times.

Post: Motown (Detroit) Investing

Kevin YiPosted
  • Irvine, CA
  • Posts 45
  • Votes 4

Anyone investing in Detroit? What has your experience been? What would the cap be for an A class property in downtown and/or surrounding areas?

Looking to get around 6%+ cap in A+/A class properties. What type of property and where would you invest one million plus?

@Dave Foster the buyer would most likely make it their primary resisdence.

I guess my post wasn't very clear, the 1031 exchange part is not the focus, that's what I'm looking to do, but the focus is on what and where to invest to get 6%+ cap in A+/A class properties.

Current investment property is owned free and clear, value one million plus. Current cap is 3% at best. Looking to get around 6%+ cap in A/A+ class properties. All cash purchases or may consider minimal financing.