REIA of Oakland A Non-Profit Real Estate Investment Group
Serving Wayne, Oakland, Livingston, and Macomb Counties
February 12, 2015
Panel of Experts: Rental Property Profit – Which City of Detroit Areas Are Best?
There is no doubt the City of Detroit is coming back! However, as rental property investors, the question we all have is exactly where in the City of Detroit should we invest our hard earned money to maximize our profits? And, which areas should we avoid? Well, we’ve pulled together a panel of seasoned rental home investors who each specialize in different areas in the City of Detroit to address these key questions and more!
During this meeting, our panel of experts will each answer the following specific questions for the Detroit areas they know well:
1) Which areas of Detroit are ripe for purchasing home rental homes and why?
2) What prices can you expect to pay to purchase a home in each area?
3) What rents you can expect to receive in each area?
4) What are the typical types of homes in these areas (e.g., 3 bedroom ranch homes, bungalows, more…)?
5) What types of tenants will likely rent from you in each of these areas (incomes, types of jobs, families/couples/single people...)?
6) What is the best way to buy these homes (e.g., auction, land bank, short sale, more...)?
7) Challenges to buying, fixing-up and renting homes in these areas?
After the panelist speak, the meeting will then be opened up to the general audience for questions.
Join us for a very informative meeting. Hope to see you there!
REIA of Oakland is a non-profit organization founded in 1981 run entirely by volunteers. Our goals include providing education to our members, providing professional networking, and monitoring the political and legislative environment as it affects the real estate investment business.
Our meetings are held on the second Thursday of each month. Each month we have a different guest speaker, including national speakers on topics useful to real estate investors. The formal presentation is followed by a question and answer session.
In addition to free admission to our monthly meetings, joining REIA has many benefits for real estate investors from novice to pro. Visit our membership page here for more details about the benefits of membership.
This meeting is before the general meeting at Club Venetion
AMAZON.COM DONATES TO REIA OF OAKLAND
As you're aware, REIA of Oakland is a non-profit educational organization, and we are always looking for ways to offer added member benefits while keeping member dues as low as possible. As part of this effort, we have teamed up with amazon.com who is donating 4% of everything purchased through our website to REIA of Oakland to help fund member programs. To start shopping, click here.
NETWORK WITH OTHER INVESTORS!
The doors open at 5:30pm for informal networking and the "Early Bird Q&A" hosted by Drew Sygit. Don't miss out!
2nd Thursday of every month-just before the General Meeting at Club Venetian.
REIA OF OAKLAND IS A NON-PROFIT
REIA of Oakland is run by unpaid volunteers. Our only goal is to help members maximize their profits from real estate investments. Before you join any real estate investment group, find out if they are FOR PROFIT! It's worth asking, because if they are FOR PROFIT, their goal is to make money OFF of you, not FOR you!