In Detroit we say "what up doe", lol! I have a cousin that lives in Houston with her husband and child to be. She has been buying rental properties for the past two years and has none in Detroit. She called me earlier in the week and asked if I'd go by and check this property outlook at this property. Basically, she want's me to be the eye's.
The fact that this home is boarded up doesn't scare me at all. What scares me is that the homes on both sides of this property are also abandoned. One of which isn't secure...
I must admit that looking around this property along with patroling the neighborhood to see how well kept it is was pretty exciting!
Are there any sucessful rental property owners with any qualifications as... Do's and dont'son buy rentals??? Do any of you know if "TURN KEY PROPERTIES" are a good idea? My cousin has me interested.
Thanks!