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BY Prosper Kuzo, 10:00am January 13, 2025,

First-time investor flips 8 homes in unexpected U.S. boomtown and shares her huge profit secrets

by Prosper Kuzo, 10:00am January 13, 2025,
First-time investor flips 8 homes in unexpected US boomtown and shares how she made huge profit
Detroit novice investor Chase Hunter-original photo credits: @ChaseCHunter / Instagram

A Detroit woman who successfully flipped eight homes since 2021 has revealed how she turned a huge profit in the Motor City’s real estate market.

Chase C. Hunter began her journey after she chose to Google search “best places to buy cheap properties” one morning and it led her to Detroit.

Hunter was living in Houston at the time and decided to purchase her first two properties in June 2021 for $2,000 and $1,800, respectively.

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“The day I closed was my very first time in Detroit,” she told Realtor.com.

She has since moved to Detroit full-time, flipping homes and navigating the city’s unique market.

“Buyers have to know the culture of Detroit to understand how to invest here,” Hunter explained. “The market can be a challenge to navigate if you aren’t here every single day.”

Renovating her initial purchases came far from easy as she spent $85,000 to make the first property ready for rent and $130,000 to transform the second into her office.

Hunter is now focused on properties that require less extensive work but is finding purpose in what she’s chosen to pursue.

“I look for homes in the $80,000 range because you spend less on repairs,” the Detroit woman investor said, noting that her current projects require $5,000 to $10,000 in updates.

Hunter has also become a licensed real estate agent and launched an investment group to help others comprehend and capitalize on the booming Detroit booming.

Detroit was once plagued by urban decline but has seen remarkable growth over the years.

The median home sale price climbed from $58,900 in 2023 to $250,000 last year, with low crime rates and urban renewal projects bolstering its appeal.

The community has its challenges like crime in certain areas, yet the Detroit woman investor remains optimistic of winning though she’s aware of the risks involved.

“I avoid really bad areas… If a property doesn’t function well for a family, I move on,” she said.

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Detroit’s revival, fueled by investments and a shift toward electric vehicles, has positioned the city as a burgeoning real estate hub.

Last Edited by:Kofi Oppong Kyekyeku Updated: January 13, 2025

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