The Truth About Investing in Detroit: 3 Misconceptions Explained
/I talk to a lot of potential Detroit investors and these are the three common myths we discuss. They're okay with the first one and the second one, but the third one is the hardest one to get through to them. Investors are SMART people who have proudly done their research. They just don't know what it is that they don't know. I don't have nine hours on the phone to educate them so I made a course. I made the course that could have saved ME countless thousands if only I had it in the beginning.
Watching the Know-It-All Investors is like watching a horror movie. "I told you not to go in that room!" But they go right toward danger.
CLARIFICATION: At the end of the video I told about 3 investors.
Investor #1 bought 12 doors from us in 2017-2018. He also has rental investments all over the country. When we stopped managing his houses, he lost money because he does NOT have the "master's degree" in managing his property manager. Nor did he have the time to follow up with his property manager weekly, which would have saved him a lot of money. Prices have appreciated so much though that he asked me to sell his properties. That's why I was talking with him recently.
Investor #2 is local and has properties in Detroit and the suburbs of Detroit. I was commiserating with him about Investor #3.
Investor #3 is someone who found me on Youtube but is now working with an agent. This person also has properties all over the country so he thinks Detroit will be similar and he was not interested in my course. This happens more often than not when I try to warn people that Detroit takes some finesse and they shouldn't assume the property manager will take care of them. It frustrates me to watch people get hurt in Detroit and make a bad name for Detroit when really they could have avoided a lot of pain if they had the humility to take my course.
If you want to discuss buying a Detroit turnkey rental, please go to my calendar here and book a call: https://calendly.com/section8rentalmastery/investing
If you want to learn more about our online course, Section 8 Rental Mastery, book a call here: https://calendly.com/section8rentalmastery/course
Link to Course: Section 8 Rental Mastery https://www.section8rentalmastery.com/pl/2148292561 Exclusive Buyer List https://www.GreatDayPropertyManagement.com/exclusive-buyer-list We only sell a couple of houses a month. This is step 1 to join our waiting list. Cash buyers get our newly renovated turnkeys. If you're using a loan, I can sell you our other houses that we renovated between 2016 and 2020 that are now for sale again. Buyers typically sell them because their property manager has been too difficult. Or I can refer you to my best Detroit agent.
Free Offer: Section 8 Prescreening Questionnaire https://www.section8rentalmastery.com/pl/2148209883
For Sale Page: https://www.GreatDayPropertyManagement.com/for-sale I don't always update this page because my properties have a buyer sometimes before they're done and I can list them on this page. You can email me too at Monique@greatdaypm.com
Exclusive Buyer List: https://www.GreatDayPropertyManagement.com/exclusive-buyer-list We only sell a couple of houses a month. This is step 1 to join our waiting list.