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Hi, I believe they are quite high in Detroit however in saying that I’ve recently had to find a new tenant for my second property and only lost out 2 days of no rental income. Also for my first property, it only took around 2/3 weeks for a tenant to be found and for them to move in.
Yes these are established properties and needed a bit of rehab but it was relatively inexpensive.
Hi,
I can see this thread has been inactive for a while now, but I’m curious to know if anyone successfully invested in the US back then and to know how their properties have performed?
I purchased two properties in Detroit earlier this year and am glad I took the step, as the cashflow is great and the added bonus of capital gains in a rising market makes it worthwhile.