Profile picture for sieger007

Renting homes in Detroit , MI ..? how easy is that ?

    with the prices in recession . if you buy homes in MI and want to rent them out is that poss ? or its a real challenge ....I mean is there a chance you end up in a one way situation where you bought, invested in repairs , and now its lying stale there- un-used with a chance of it being vandalized ( I dont stay there ) .....is there a hidden story underneath the fairy tale ? pl someone ..lend me your wise experience ...
  • August 23 2009 - Detroit
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Answers (4)

Profile picture for abiola20
Mudkicker,

Can you give me the contact details of your property manager in Detroit.
  • October 31 2010
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Do you live in Detroit? The deals are incredibly lucrative, but along with the return comes the challenge of overcoming bad neighborhoods and potentially economically strapped Tenants. I have lived in Detroit for many years prior to New York. It's a wonderful city, just has many challenges. Running a Credit Application will definitely help you with finding great Tenants should you plan on buying and renting homes there. 
  • August 14 2010
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Profile picture for cameosis
which parts of detroit do you in invest?
  • January 02 2010
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Profile picture for mudkicker
I bought two homes in Detroit  a couple months ago.  Both are being rented out right now.  There will be a lot of renters out there.  The problem is finding a good tenant.  I got a lot of interested applicants wanting to rent my homes.
  • August 23 2009
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