How I’m Quietly Turning 4 Rental Properties into a Passive Income Goldmine While Crushing My 9-5 Grind
Ashley:
What made you pick this market in particular
Mike:
Detroit? So I was looking, originally I knew New Jersey was not going to be where I wanted to invest just because the crazy high taxes, the purchase prices, I knew it would take me forever to build a portfolio here. So I was looking into turnkey originally, and a lot of the turnkey providers were in some of the same markets. You see a lot of Indianapolis and Huntsville, Alabama and stuff. But there was one I came across that was talking about Detroit and immediately put me in contact with a turnkey provider and a property manager out there who was just had more to say about the area and the revitalization that’s happening out there. And it just really impressed me. It was kind of shocking in comparison to the other markets I was doing homework on and really it was kind of that Warren Buffet be greedy when are fearful. I know a lot of people, they hear Detroit and they think war zone, but there’s a lot going on there and some crazy appreciation, some crazy growth. So I’m happy I jumped in.
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