Investor Tour of Detroit - What to Expect
/We encourage our investors to come here to see our project for themselves. There needs to be a lot of trust for the investor and for us to have the best working relationship. Spending a few hours together driving around Detroit and usually having lunch or breakfast too helps us all to know each other better.
How to Qualify for a Tour
We normally have a waiting list of investors who want to buy our houses. We only sell 2-3 houses a month. We only give these tours to investors who are close to their purchase dates. Our investors typically have properties in other cities as well so they are serious buyers. When we meet by phone I am usually able to get a feel from the investor if they are “tire kickers” or if they really plan to buy. We are a small family-owned operation. My husband, Pat, and I work most days of the week it seems. So if someone asks us for a tour, we really hope they are serious about buying a house because it is a day of work or time with our children lost for us otherwise. We aren’t a tour company. There are companies that offer tours that people can go on. We just ask that our guests are respectful of us and not coming here for just the fun of seeing Detroit.
Where to Stay?
The airport is not in Detroit. It’s 20 miles outside of Detroit via busy freeways. So we recommend that our guests rent a car when they arrive or take Detroit Metro Cars from the airport to a hotel downtown Detroit.
In order to get a proper feel of Detroit, I recommend choosing a hotel from this site:
https://detroit.curbed.com/maps/best-hotels-detroit-design-architecture-westin-foundation-shinola
Or one can do as one of our guests did and stay in an Air B & B in Detroit. I recommend renting one near Wayne State University. The architecture there is beautiful and WSU has bragging rights to being the safest campus in Michigan.
One of our guests stayed in an Air B & B outside the WSU area that was just a room in someone’s home. The host was full of information about Detroit and our guest had a great time and paid very little for his lodging. The only problem was the taxi driver refused to drop him off at the door because the driver was scared of the neighborhood so the taxi dropped our guest off two blocks away. It turned out to be a very nice neighborhood with a strong neighborhood association though. It just looked scary to the driver who must not know Detroit very well. Check it out here:
https://www.airbnb.com/rooms/9429833?source_impression_id=p3_1596108003_BtcTMAtEwkTU83ba
Tour Day - What to Expect
Pat and I will come to your hotel or Air B&B in Detroit. We don’t pick people up from the airport. It’s just too far away. Sometimes we start with a breakfast or we just go into the tour. We have our guest sit in the front seat. This is when the guest meets Pat who takes over. Pat drives our guests around downtown Detroit and down by the river to see Windsor, Canada right across the Detroit River. It’s amazing how close we are to a foreign country.
We then drive along Jefferson Avenue toward Grosse Pointe, which is a suburb of Detroit. We show the new construction and the blight, which is just lots of potential for a city that is revitalizing.
Following Jefferson, we take it right into Grosse Pointe where Jefferson becomes Lakeshore Drive with Lake St. Clair on one side and beautiful Grosse Pointe homes on the other side.
We have a Detroit neighborhood we like to drive people through next where we bought the majority of our houses the first few years. It is a neighborhood that has revitalized so much that the prices have been driven up.
Then we show you the new neighborhoods where we invest now that were similar to our first neighborhood. We predict the same future in the current areas in which we buy houses.
Detroit has an east side and west side. We drive along the famous 8 Mile Road to head to the west side. If you’re familiar with the musical artist Eminem, we drive you by the movie scene in his trailer park. It doesn’t look any different than it did in his movie 8 Mile.
House Tours
In the process of showing our guests the east side and west side, we give a few renovation tours, depending on what we have that we can take you into at that time. We usually will show you a house under renovation. It’s great if the crew is working that day so you can see them in action.
We also like to show you a house that we haven’t started working on yet so you get a feel of how much work we actually do typically. There is a lot of experience and expertise involved in getting a house ready to produce a good ROI. We will also show you a house we have for rent so you can see something more finished.
All that takes a good two to three hours. The day is packed with information from Pat about Detroit and how he chooses his areas and his houses to renovate.
If you plan on investing in Detroit and you’re not a “tire kicker,” we encourage you to see Detroit for yourself and meet us in person. You can see me all over my Youtube channel (https://bit.ly/DITLcoall), but Pat won’t let me film him. So you will have to come here yourself to meet the master behind the renovations.
I hope to hear from you soon. I can be reached these days on my cell phone at (248) 390-3982.
Check out our completed or for rent house tours here:
https://bit.ly/EastSidecoall
Check out more Detroit information here:
https://bit.ly/Information-coall