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All Forum Posts by: Lisa K.

Lisa K. has started 1 posts and replied 3 times.

Post: Starting out in Detroit

Lisa K.Posted
  • Architect
  • Detroit, MI
  • Posts 4
  • Votes 2

@Aaron Yates

@Tom A.

Thank you both for reaching out. I have followed up with Aaron on Facebook about the local Meetup. I look forward to the next event and meeting you both.

Post: Starting out in Detroit

Lisa K.Posted
  • Architect
  • Detroit, MI
  • Posts 4
  • Votes 2

Thank you all for your advice!

I would prefer to have property in the city of Detroit, but that is not necessarily set in stone for the first property. I have time to invest in the property and don't think I could quickly find a buyer to flip it.

Post: Starting out in Detroit

Lisa K.Posted
  • Architect
  • Detroit, MI
  • Posts 4
  • Votes 2

Hi Everyone

I am an intern architect based in Downtown Detroit. Although young and new to real estate, I have experience designing and building throughout the city. At this point, I’m looking for that starter investment- either a duplex I can live in while renovating the other unit, or a small house that I can rent out. How has this approach worked for you?

Because of my location – I would like to hear more about your experience investing in what are considered “risky” or “upcoming” neighborhoods. Values are low in Detroit’s market (surprise!) but in some neighborhoods values are rapidly growing and expanding. Ideally I would like to snap up a few foreclosures while they’re cheap and help contribute to the area growth.

I have been reading, listening to, and observing BiggerPockets for a while. This is a great site, and paired with local connections are really helping build up my knowledge and confidence. Thank you!