All Forum Posts by: Marisa R.

 You are very Brave investors.

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DETROIT, MI — Detroit has been ranked as the worst real estate market in the nation in a new WalletHub study.

With home values rising by an average of more than $16,000 in the first quarter of 2018 but affordability dropping as mortgage rates get higher, the personal-finance website WalletHub released its report on 2018's Best Real-Estate Markets.

To determine the most attractive real-estate markets in the U.S., WalletHub compared 300 cities across 22 key metrics. The data set ranges from median home-price appreciation to home sales turnover rate to job growth.

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Detroit ranked 300th overall and 63rd among large cities. Here's a look at how the city fared:

Health of Detroit's Real-Estate Market (1=Best; 150=Avg.):

• 270th – % of Homes with Negative Equity
• 161st – Job Growth Rate
• 93rd – Foreclosure Rate
• 288th – Number of Unsold Homes Owned by Banks (REOs)
• 300th – Population Growth Rate

Hello Everyone,

I am planning to invest in Detroit, I am currently from denver where the population keeps increasing and the prices dont drop from the 100k mark. I want to invest in the fitzgerald area as i have found some great properties in that area that can be rehabbed and rented out. 

What would you guys recommend? 

@Marisa R. Thanks for your input! Do you reside in Detroit as well or are you investing out of state like I would be?

@Rayisha B.,

Hey! You are shifting your attention to the cash flow city lol. I think its good to focus here I have my own rentals and I enjoy buying and holding here. Detroit is more of a city that you have to learn the culture and areas street by street. I help people all the time with any questions feel free to ask me anything.

@Marisa R.

Amazing 😉. Detroit will be one of those places a lot of people we say , dang I wish I got into that market!

Hello BP Community!

A bit about me:

I’m a newbie rental investor.

I’m a resilient military spouse.

I’m a learning mother of two.

I’m a believer in a better world and people’s kindness.

I’m one to pay-it-forward and grow within.

I’m a hardworking dreamer planning on achieving financial independence through real estate.

Real Estate experience: 1 rental unit in Greater Tampa, 1 primary residence with good equity recently sold in San Diego, CA.

Targeting: move in ready or minor fixes SFH, condos, townhomes or duplexes for rental cash flow. BRRRR.

Market: here’s my big question mark! Definitely not in Hawaii, where I currently live. So I am trying to narrow to a good real estate market with solid rental cash on cash return.

Although I have a rental in greater Tampa area (Riverview) with a realtor and a PM, I keep reading that Tampa might not be the best to invest (as date of this post, 2019). I keep reading articles and forums and blogs with such a mix of information, I’m lost!

WHICH MARKETS do you have experience on that still have affordable properties but good rental prospects and equity growth?

Detroit?

Atlanta?

Thanks in advance for reading and commenting!

I have been playing in Atlanta since 2011, this has been a great market for appreciation and cashflow. However I think this market is coming close to peaking and very difficult to find true cashflow as prices have risen so high

I am also playing in Detroit market where this market is starting to rise and you will find affordable houses which will cashflow

This market is what I would recommend today for appreciation and cashflow. Prices wont stay at this price point

My friends that invest & I are getting good deals in the suburbs. Granted, I do usually have things pass my desk others wont have access to since I'm an agent, but even on the MLS you can find a gem every now and then. Just gotta be ready to pull the trigger, since they don't last.