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RE: Finding A Rental Property in DETROIT.
It depends on the property and area, which will determine the value of the property and how much you can charge for rent. This house looks like it's in a rough area, which means a cheap buy, but maybe not the best investment of your money. If you look for properties in up an coming areas, or areas that are being revitalized you might have an easier time with renting the property.
Thanks! The block this home sits on is ok but the 2 homes directly next to it are bad. Im thinking a better opportunity could be somewhere else.
You're welcome! My brother used to be an appraiser, and did lots of appraisals in the Detroit area, plus my father is a real estate broker, and worked in East Lansing. It's a good time to get into real estate right now, and good deals can be found. My father is a HUD approved broker and can place bids on their auction properties, which is a good way to pick up real estate on the cheap.