A Detroit woman bought 8 fixer-upper properties in the 'most unlikely real-estate boomtown'

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Hunter became a real estate investor after a Google search and a $3,800 initial investment. At the time, while living in Houston, she searched for places she could buy cheap property and found ample opportunities in Detroit, with homes selling for as little as $1,000.“I closed on my first two properties the same day in June of 2021,” she told Realtor.com in an article published in August 2024 (1). “The day I closed was my very first time in Detroit.”Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAPApproaching retirement with no savings? Don’t panic, you're not alone. Here are 6 easy ways you can catch up (and fast)Both properties came with significant issues. She paid $2,000 for one and $1,800 for the other, renovated them, found renters, and began her career as a landlord. She has since repeated this process for eight homes.Hunter's journey was a successful one, thanks to a lot of effort and a little luck, but it wasn't easy.While Hunter paid very little for the two homes she purchased, that was far from the end of the story.She had to invest $85,000 in renovations for the house she bought for $2,000 to ready it for renters. On the second house, purchased for $1,800, she spent $130,000 to convert it into her office because of unexpected water line problems.But you don’t need to get your hands dirty to profit from a fixer-upper. With the Arrived’s Private Credit Fund, you can invest in short-term loans that are used to fund real estate projects, such as renovations, property rehabs, or even new home construction projects.All of the loans are secured by residential housing as collateral — meaning you don’t have to worry about the safety of your investment.Historically, Arrived Private Credit Fund has paid 8.1% annualized dividends to investors, distributed on a monthly basis. Dividend returns on stocks don’t even come close — the long-term average dividend yield of S&P 500 companies is 1.83%.Barely a decade after it declared bankruptcy, The Wall Street Journal stated Detroit is emerging as “America’s most unlikely real-estate boomtown.”While her business has been a success so far thanks to this hard work, Detroit's real estate boom helped fuel this success. The median price plummeted to $58,900 in 2009 and the city filed for bankruptcy in 2013. Now, with prices soaring to $250,000, according to Realtor.com, investors like Hunter find it much easier to profit in this rapidly appreciating market.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,834.50 +59.74 (+0.88%)Dow 3048,134.89 +183.04 (+0.38%)Nasdaq23,307.62 +301.26 (+1.31%)Russell 20002,529.42 +21.56 (+0.86%)VIX14.91 -1.96 (-11.62%)Gold4,387.30 +22.80 (+0.52%)Trending tickersBTC-USD Bitcoin USD 88,236.31 +141.23 (+0.16%)XRP-USD XRP USD 1.94 +0.07 (+3.89%)ETH-USD Ethereum USD 2,986.14 +26.10 (+0.88%)LAZR Luminar Technologies, Inc. 0.6044 +0.3844 (+174.73%)^GSPC S&P 500 6,834.50 +59.74 (+0.88%)PortfolioSign in to access your portfolioSign inTop gainersDJTWW Trump Media & Technology Group Corp. 9.94 +2.32 (+30.44%)FOLD Amicus Therapeutics, Inc. 14.18 +3.29 (+30.21%)FLY Firefly Aerospace Inc. 24.65 +4.58 (+22.82%)CRWV CoreWeave, Inc. 83.00 +15.32 (+22.64%)EWTX Edgewise Therapeutics, Inc. 25.55 +4.40 (+20.80%)Top losersLW Lamb Weston Holdings, Inc. 43.94 -15.39 (-25.94%)IRON Disc Medicine, Inc. 80.04 -10.40 (-11.50%)NKE NIKE, Inc. 58.71 -6.92 (-10.54%)OLMA Olema Pharmaceuticals, Inc. 27.93 -2.88 (-9.35%)KBH KB Home 57.39 -5.36 (-8.54%)Most activeBBAI BigBear.ai Holdings, Inc. 6.26 +0.63 (+11.19%)NVDA NVIDIA Corporation 180.99 +6.85 (+3.93%)FOLD Amicus Therapeutics, Inc. 14.18 +3.29 (+30.21%)HL Hecla Mining Company 19.67 +0.64 (+3.36%)WBD Warner Bros. 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