
Michigan Real Estate Models
Check out how Michigan does for these scenarios.
5% Lower Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 5% lower rents.
Net Worth at 40 Years
- Ann Arbor = $6.70M
- Detroit = $48.31M
- Flint = $15.54M
- Grand Rapids = $10.45M
- Lansing = $16.28M
- Livonia = $6.64M
- Sterling Heights = $9.31M
- Warren = $7.10M
Month First Achieved Financial Independence
- Ann Arbor = 54.17 Years (650 Months)
- Detroit = 4.42 Years (53 Months)
- Flint = 10.00 Years (120 Months)
- Grand Rapids = 28.08 Years (337 Months)
- Lansing = 14.00 Years (168 Months)
- Livonia = 42.00 Years (504 Months)
- Sterling Heights = 34.83 Years (418 Months)
- Warren = 37.25 Years (447 Months)
5% Higher Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 5% higher rents.
Net Worth at 40 Years
- Ann Arbor = $9.96M
- Detroit = $54.42M
- Flint = $17.53M
- Grand Rapids = $16.78M
- Lansing = $18.93M
- Livonia = $8.84M
- Sterling Heights = $13.69M
- Warren = $9.45M
Month First Achieved Financial Independence
- Ann Arbor = 45.00 Years (540 Months)
- Detroit = 4.42 Years (53 Months)
- Flint = 9.00 Years (108 Months)
- Grand Rapids = 19.67 Years (236 Months)
- Lansing = 11.00 Years (132 Months)
- Livonia = 36.58 Years (439 Months)
- Sterling Heights = 28.00 Years (336 Months)
- Warren = 32.00 Years (384 Months)
10% Property Price Premium While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 10% premium.
Net Worth at 40 Years
- Ann Arbor = $5.61M
- Detroit = $50.63M
- Flint = $15.99M
- Grand Rapids = $8.35M
- Lansing = $16.48M
- Livonia = $5.57M
- Sterling Heights = $7.53M
- Warren = $6.27M
Month First Achieved Financial Independence
- Ann Arbor = 56.00 Years (672 Months)
- Detroit = 4.42 Years (53 Months)
- Flint = 9.33 Years (112 Months)
- Grand Rapids = 31.00 Years (372 Months)
- Lansing = 14.00 Years (168 Months)
- Livonia = 43.92 Years (527 Months)
- Sterling Heights = 36.67 Years (440 Months)
- Warren = 39.25 Years (471 Months)
Nomad to Short-Term Rentals with 75% Higher Rents
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 75% higher rents but with doubled maintenance expenses as well.
Net Worth at 40 Years
- Ann Arbor = $44.16M
- Detroit = $84.19M
- Flint = $27.97M
- Grand Rapids = $37.27M
- Lansing = $33.44M
- Livonia = $30.58M
- Sterling Heights = $36.80M
- Warren = $22.68M
Month First Achieved Financial Independence
- Ann Arbor = 14.00 Years (168 Months)
- Detroit = 3.75 Years (45 Months)
- Flint = 6.25 Years (75 Months)
- Grand Rapids = 7.42 Years (89 Months)
- Lansing = 7.00 Years (84 Months)
- Livonia = 10.75 Years (129 Months)
- Sterling Heights = 8.83 Years (106 Months)
- Warren = 10.25 Years (123 Months)
.5 Worse Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 worse/higher mortgage interest rate.
Net Worth at 40 Years
- Ann Arbor = $5.61M
- Detroit = $50.63M
- Flint = $15.99M
- Grand Rapids = $8.35M
- Lansing = $16.48M
- Livonia = $5.57M
- Sterling Heights = $7.53M
- Warren = $6.27M
Month First Achieved Financial Independence
- Ann Arbor = 56.00 Years (672 Months)
- Detroit = 4.42 Years (53 Months)
- Flint = 9.33 Years (112 Months)
- Grand Rapids = 31.00 Years (372 Months)
- Lansing = 14.00 Years (168 Months)
- Livonia = 43.92 Years (527 Months)
- Sterling Heights = 36.67 Years (440 Months)
- Warren = 39.25 Years (471 Months)
Nomad to Short-Term Rentals with 50% Higher Rents
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 50% higher rents but with doubled maintenance expenses as well.
Net Worth at 40 Years
- Ann Arbor = $31.62M
- Detroit = $70.88M
- Flint = $23.34M
- Grand Rapids = $29.05M
- Lansing = $26.58M
- Livonia = $22.89M
- Sterling Heights = $28.57M
- Warren = $17.80M
Month First Achieved Financial Independence
- Ann Arbor = 21.00 Years (252 Months)
- Detroit = 3.67 Years (44 Months)
- Flint = 7.00 Years (84 Months)
- Grand Rapids = 9.33 Years (112 Months)
- Lansing = 8.00 Years (96 Months)
- Livonia = 16.00 Years (192 Months)
- Sterling Heights = 11.75 Years (141 Months)
- Warren = 15.00 Years (180 Months)
10% More Job Income While Nomading™
Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% more income than in the Baseline Nomad™ Scenario.
Net Worth at 40 Years
- Ann Arbor = $12.84M
- Detroit = $51.88M
- Flint = $17.94M
- Grand Rapids = $17.17M
- Lansing = $18.73M
- Livonia = $10.45M
- Sterling Heights = $14.88M
- Warren = $10.34M
Month First Achieved Financial Independence
- Ann Arbor = 43.33 Years (520 Months)
- Detroit = 4.08 Years (49 Months)
- Flint = 9.92 Years (119 Months)
- Grand Rapids = 22.00 Years (264 Months)
- Lansing = 13.75 Years (165 Months)
- Livonia = 36.00 Years (432 Months)
- Sterling Heights = 29.00 Years (348 Months)
- Warren = 32.50 Years (390 Months)
25% Down Payment Non-Owner-Occupant
Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 25% down payments.
Net Worth at 40 Years
- Ann Arbor = $9.06M
- Detroit = $61.94M
- Flint = $18.03M
- Grand Rapids = $14.71M
- Lansing = $16.53M
- Livonia = $9.25M
- Sterling Heights = $12.85M
- Warren = $8.85M
Month First Achieved Financial Independence
- Ann Arbor = 46.83 Years (562 Months)
- Detroit = 2.00 Years (24 Months)
- Flint = 4.00 Years (48 Months)
- Grand Rapids = 21.00 Years (252 Months)
- Lansing = 12.00 Years (144 Months)
- Livonia = 35.00 Years (420 Months)
- Sterling Heights = 29.00 Years (348 Months)
- Warren = 32.08 Years (385 Months)
5% Property Price Premium While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 5% premium.
Net Worth at 40 Years
- Ann Arbor = $6.64M
- Detroit = $51.00M
- Flint = $16.20M
- Grand Rapids = $9.75M
- Lansing = $17.01M
- Livonia = $6.48M
- Sterling Heights = $8.88M
- Warren = $7.12M
Month First Achieved Financial Independence
- Ann Arbor = 54.00 Years (648 Months)
- Detroit = 4.42 Years (53 Months)
- Flint = 9.17 Years (110 Months)
- Grand Rapids = 28.92 Years (347 Months)
- Lansing = 13.08 Years (157 Months)
- Livonia = 40.75 Years (489 Months)
- Sterling Heights = 34.00 Years (408 Months)
- Warren = 37.00 Years (444 Months)
10% Property Price Discount While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 10% discount.
Net Worth at 40 Years
- Ann Arbor = $13.25M
- Detroit = $52.12M
- Flint = $16.93M
- Grand Rapids = $19.59M
- Lansing = $18.74M
- Livonia = $11.60M
- Sterling Heights = $17.57M
- Warren = $11.21M
Month First Achieved Financial Independence
- Ann Arbor = 42.92 Years (515 Months)
- Detroit = 4.42 Years (53 Months)
- Flint = 9.00 Years (108 Months)
- Grand Rapids = 15.33 Years (184 Months)
- Lansing = 10.83 Years (130 Months)
- Livonia = 32.50 Years (390 Months)
- Sterling Heights = 22.00 Years (264 Months)
- Warren = 28.00 Years (336 Months)
10% Less Job Income While Nomading™
Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% less income than in the Baseline Nomad™ Scenario.
Net Worth at 40 Years
- Ann Arbor = $2.07M
- Detroit = $48.77M
- Flint = $15.85M
- Grand Rapids = $9.47M
- Lansing = $16.32M
- Livonia = $4.51M
- Sterling Heights = $7.05M
- Warren = $6.32M
Month First Achieved Financial Independence
- Ann Arbor = 73.00 Years (876 Months)
- Detroit = 5.17 Years (62 Months)
- Flint = 9.83 Years (118 Months)
- Grand Rapids = 30.00 Years (360 Months)
- Lansing = 14.00 Years (168 Months)
- Livonia = 45.58 Years (547 Months)
- Sterling Heights = 35.00 Years (420 Months)
- Warren = 39.00 Years (468 Months)
Nomad™ and Sell ALL Rentals if SWR Achieves FI
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell all the rental properties if by doing so you can invest the proceeds and achieve financial independence utilizing a Safe Withdrawal Rate of the money you have invested.
Net Worth at 40 Years
- Ann Arbor = $8.13M
- Detroit = $51.37M
- Flint = $16.45M
- Grand Rapids = $13.77M
- Lansing = $17.49M
- Livonia = $6.40M
- Sterling Heights = $8.39M
- Warren = $6.27M
Month First Achieved Financial Independence
- Ann Arbor = 48.17 Years (578 Months)
- Detroit = 4.42 Years (53 Months)
- Flint = 9.17 Years (110 Months)
- Grand Rapids = 24.00 Years (288 Months)
- Lansing = 12.00 Years (144 Months)
- Livonia = 37.67 Years (452 Months)
- Sterling Heights = 31.58 Years (379 Months)
- Warren = 33.25 Years (399 Months)
.25 Better Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 better/lower mortgage interest rate.
Net Worth at 40 Years
- Ann Arbor = $8.95M
- Detroit = $51.54M
- Flint = $16.57M
- Grand Rapids = $15.39M
- Lansing = $17.84M
- Livonia = $8.17M
- Sterling Heights = $12.66M
- Warren = $8.49M
Month First Achieved Financial Independence
- Ann Arbor = 48.25 Years (579 Months)
- Detroit = 4.42 Years (53 Months)
- Flint = 9.17 Years (110 Months)
- Grand Rapids = 22.00 Years (264 Months)
- Lansing = 12.00 Years (144 Months)
- Livonia = 37.75 Years (453 Months)
- Sterling Heights = 30.00 Years (360 Months)
- Warren = 33.08 Years (397 Months)
10% Higher Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 10% higher rents.
Net Worth at 40 Years
- Ann Arbor = $11.98M
- Detroit = $57.27M
- Flint = $18.42M
- Grand Rapids = $19.06M
- Lansing = $20.25M
- Livonia = $9.99M
- Sterling Heights = $16.94M
- Warren = $11.18M
Month First Achieved Financial Independence
- Ann Arbor = 42.00 Years (504 Months)
- Detroit = 4.08 Years (49 Months)
- Flint = 8.17 Years (98 Months)
- Grand Rapids = 17.00 Years (204 Months)
- Lansing = 10.00 Years (120 Months)
- Livonia = 32.58 Years (391 Months)
- Sterling Heights = 23.00 Years (276 Months)
- Warren = 27.00 Years (324 Months)
Nomad to Short-Term Rentals with 25% Higher Rents
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 25% higher rents but with doubled maintenance expenses as well.
Net Worth at 40 Years
- Ann Arbor = $17.33M
- Detroit = $57.80M
- Flint = $18.81M
- Grand Rapids = $21.53M
- Lansing = $19.94M
- Livonia = $14.62M
- Sterling Heights = $20.46M
- Warren = $12.98M
Month First Achieved Financial Independence
- Ann Arbor = 36.00 Years (432 Months)
- Detroit = 4.00 Years (48 Months)
- Flint = 8.25 Years (99 Months)
- Grand Rapids = 14.00 Years (168 Months)
- Lansing = 10.08 Years (121 Months)
- Livonia = 27.92 Years (335 Months)
- Sterling Heights = 18.92 Years (227 Months)
- Warren = 24.00 Years (288 Months)
Baseline Nomad™ Scenario
Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy.
Net Worth at 40 Years
- Ann Arbor = $8.13M
- Detroit = $51.37M
- Flint = $16.45M
- Grand Rapids = $13.77M
- Lansing = $17.49M
- Livonia = $7.62M
- Sterling Heights = $11.15M
- Warren = $8.14M
Month First Achieved Financial Independence
- Ann Arbor = 50.33 Years (604 Months)
- Detroit = 4.42 Years (53 Months)
- Flint = 9.17 Years (110 Months)
- Grand Rapids = 24.00 Years (288 Months)
- Lansing = 12.00 Years (144 Months)
- Livonia = 38.00 Years (456 Months)
- Sterling Heights = 32.00 Years (384 Months)
- Warren = 33.25 Years (399 Months)
10% Property Manager While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except hire a professional property manager costing 10% of gross rents.
Net Worth at 40 Years
- Ann Arbor = $6.72M
- Detroit = $44.68M
- Flint = $14.35M
- Grand Rapids = $10.60M
- Lansing = $14.92M
- Livonia = $6.51M
- Sterling Heights = $8.59M
- Warren = $6.53M
Month First Achieved Financial Independence
- Ann Arbor = 57.33 Years (688 Months)
- Detroit = 4.50 Years (54 Months)
- Flint = 10.17 Years (122 Months)
- Grand Rapids = 30.58 Years (367 Months)
- Lansing = 16.00 Years (192 Months)
- Livonia = 44.00 Years (528 Months)
- Sterling Heights = 36.83 Years (442 Months)
- Warren = 40.83 Years (490 Months)
3% Property Price Discount While Nomading™ as Real Estate Agent
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you take your 3% commission as a discount off the purchase price.
Net Worth at 40 Years
- Ann Arbor = $9.29M
- Detroit = $51.59M
- Flint = $16.61M
- Grand Rapids = $15.47M
- Lansing = $17.96M
- Livonia = $8.41M
- Sterling Heights = $13.50M
- Warren = $9.06M
Month First Achieved Financial Independence
- Ann Arbor = 47.92 Years (575 Months)
- Detroit = 4.42 Years (53 Months)
- Flint = 9.17 Years (110 Months)
- Grand Rapids = 21.00 Years (252 Months)
- Lansing = 12.00 Years (144 Months)
- Livonia = 36.17 Years (434 Months)
- Sterling Heights = 29.00 Years (348 Months)
- Warren = 32.08 Years (385 Months)
Nomad™ and Payoff OO if Achieves FI
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except payoff your owner-occupant property if by doing so that means you achieve financial independence.
Net Worth at 40 Years
- Ann Arbor = $8.13M
- Detroit = $51.37M
- Flint = $16.45M
- Grand Rapids = $13.77M
- Lansing = $17.49M
- Livonia = $7.20M
- Sterling Heights = $11.02M
- Warren = $8.14M
Month First Achieved Financial Independence
- Ann Arbor = 41.83 Years (502 Months)
- Detroit = 4.42 Years (53 Months)
- Flint = 9.17 Years (110 Months)
- Grand Rapids = 24.00 Years (288 Months)
- Lansing = 12.00 Years (144 Months)
- Livonia = 34.42 Years (413 Months)
- Sterling Heights = 31.17 Years (374 Months)
- Warren = 33.25 Years (399 Months)
Buy Non-Owner-Occupant All Cash As Renter
Save up and buy up to 10 non-owner-occupant properties all cash (without any mortgage) while you remain a renter the entire time.
Net Worth at 40 Years
- Ann Arbor = $4.89M
- Detroit = $52.25M
- Flint = $16.51M
- Grand Rapids = $6.80M
- Lansing = $10.64M
- Livonia = $5.25M
- Sterling Heights = $5.97M
- Warren = $5.42M
Month First Achieved Financial Independence
- Ann Arbor = 51.33 Years (616 Months)
- Detroit = 7.50 Years (90 Months)
- Flint = 9.92 Years (119 Months)
- Grand Rapids = 28.75 Years (345 Months)
- Lansing = 21.17 Years (254 Months)
- Livonia = 38.00 Years (456 Months)
- Sterling Heights = 34.00 Years (408 Months)
- Warren = 33.08 Years (397 Months)
Buy Non-Owner-Occupant All Cash
Buy 1 owner-occupant property with 5% down then save up and buy up to 9 non-owner-occupant properties all cash (without any mortgage).
Net Worth at 40 Years
- Ann Arbor = $7.01M
- Detroit = $55.15M
- Flint = $16.25M
- Grand Rapids = $8.82M
- Lansing = $12.06M
- Livonia = $6.11M
- Sterling Heights = $7.94M
- Warren = $6.27M
Month First Achieved Financial Independence
- Ann Arbor = 42.42 Years (509 Months)
- Detroit = 4.00 Years (48 Months)
- Flint = 7.92 Years (95 Months)
- Grand Rapids = 24.83 Years (298 Months)
- Lansing = 17.50 Years (210 Months)
- Livonia = 32.58 Years (391 Months)
- Sterling Heights = 30.17 Years (362 Months)
- Warren = 32.00 Years (384 Months)
Nomad™ Start with $0
Do the traditional Nomad™ strategy except you start with $0 saved up.
Net Worth at 40 Years
- Ann Arbor = $7.04M
- Detroit = $48.90M
- Flint = $15.68M
- Grand Rapids = $12.58M
- Lansing = $16.67M
- Livonia = $7.09M
- Sterling Heights = $10.53M
- Warren = $7.78M
Month First Achieved Financial Independence
- Ann Arbor = 53.00 Years (636 Months)
- Detroit = 5.25 Years (63 Months)
- Flint = 10.00 Years (120 Months)
- Grand Rapids = 26.00 Years (312 Months)
- Lansing = 13.00 Years (156 Months)
- Livonia = 39.83 Years (478 Months)
- Sterling Heights = 33.00 Years (396 Months)
- Warren = 34.17 Years (410 Months)
5% Property Price Discount While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 5% discount.
Net Worth at 40 Years
- Ann Arbor = $10.15M
- Detroit = $51.74M
- Flint = $16.71M
- Grand Rapids = $16.87M
- Lansing = $17.98M
- Livonia = $9.19M
- Sterling Heights = $14.62M
- Warren = $9.81M
Month First Achieved Financial Independence
- Ann Arbor = 46.00 Years (552 Months)
- Detroit = 4.42 Years (53 Months)
- Flint = 9.17 Years (110 Months)
- Grand Rapids = 19.00 Years (228 Months)
- Lansing = 11.00 Years (132 Months)
- Livonia = 36.00 Years (432 Months)
- Sterling Heights = 27.00 Years (324 Months)
- Warren = 31.00 Years (372 Months)
.5 Better Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 better/lower mortgage interest rate.
Net Worth at 40 Years
- Ann Arbor = $9.77M
- Detroit = $51.70M
- Flint = $16.68M
- Grand Rapids = $16.38M
- Lansing = $18.10M
- Livonia = $8.83M
- Sterling Heights = $13.74M
- Warren = $9.36M
Month First Achieved Financial Independence
- Ann Arbor = 46.67 Years (560 Months)
- Detroit = 4.42 Years (53 Months)
- Flint = 9.17 Years (110 Months)
- Grand Rapids = 20.00 Years (240 Months)
- Lansing = 11.67 Years (140 Months)
- Livonia = 36.75 Years (441 Months)
- Sterling Heights = 28.00 Years (336 Months)
- Warren = 32.00 Years (384 Months)
3% Commission While Nomading™ as Real Estate Agent
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you earn a 3% commission with each property you purchase.
Net Worth at 40 Years
- Ann Arbor = $8.69M
- Detroit = $51.57M
- Flint = $16.60M
- Grand Rapids = $13.68M
- Lansing = $17.92M
- Livonia = $7.90M
- Sterling Heights = $11.61M
- Warren = $8.55M
Month First Achieved Financial Independence
- Ann Arbor = 49.00 Years (588 Months)
- Detroit = 4.42 Years (53 Months)
- Flint = 9.17 Years (110 Months)
- Grand Rapids = 23.00 Years (276 Months)
- Lansing = 12.00 Years (144 Months)
- Livonia = 37.00 Years (444 Months)
- Sterling Heights = 31.42 Years (377 Months)
- Warren = 33.08 Years (397 Months)
Nomad™ and Sell SOME Rentals to Payoff Others if FI
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell some rental properties if by doing so you can payoff the others and achieve financial independence primarily from free and clear cash flow.
Net Worth at 40 Years
- Ann Arbor = $8.27M
- Detroit = $51.35M
- Flint = $16.18M
- Grand Rapids = $9.14M
- Lansing = $15.94M
- Livonia = $7.10M
- Sterling Heights = $8.84M
- Warren = $7.04M
Month First Achieved Financial Independence
- Ann Arbor = 42.08 Years (505 Months)
- Detroit = 4.42 Years (53 Months)
- Flint = 8.17 Years (98 Months)
- Grand Rapids = 19.58 Years (235 Months)
- Lansing = 12.08 Years (145 Months)
- Livonia = 32.33 Years (388 Months)
- Sterling Heights = 25.33 Years (304 Months)
- Warren = 27.25 Years (327 Months)
20% Down Payment Non-Owner-Occupant
Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 20% down payments.
Net Worth at 40 Years
- Ann Arbor = $8.82M
- Detroit = $62.09M
- Flint = $18.14M
- Grand Rapids = $15.08M
- Lansing = $16.98M
- Livonia = $9.20M
- Sterling Heights = $13.12M
- Warren = $8.59M
Month First Achieved Financial Independence
- Ann Arbor = 48.67 Years (584 Months)
- Detroit = 1.83 Years (22 Months)
- Flint = 4.00 Years (48 Months)
- Grand Rapids = 21.92 Years (263 Months)
- Lansing = 12.00 Years (144 Months)
- Livonia = 37.00 Years (444 Months)
- Sterling Heights = 29.42 Years (353 Months)
- Warren = 32.08 Years (385 Months)
.25 Worse Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 worse/higher mortgage interest rate.
Net Worth at 40 Years
- Ann Arbor = $7.37M
- Detroit = $51.20M
- Flint = $16.34M
- Grand Rapids = $11.72M
- Lansing = $17.39M
- Livonia = $7.00M
- Sterling Heights = $10.32M
- Warren = $7.70M
Month First Achieved Financial Independence
- Ann Arbor = 52.00 Years (624 Months)
- Detroit = 4.42 Years (53 Months)
- Flint = 9.17 Years (110 Months)
- Grand Rapids = 26.67 Years (320 Months)
- Lansing = 12.92 Years (155 Months)
- Livonia = 39.00 Years (468 Months)
- Sterling Heights = 33.00 Years (396 Months)
- Warren = 35.08 Years (421 Months)
10% Lower Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 10% lower rents.
Net Worth at 40 Years
- Ann Arbor = $5.73M
- Detroit = $45.25M
- Flint = $14.46M
- Grand Rapids = $8.86M
- Lansing = $14.99M
- Livonia = $5.67M
- Sterling Heights = $7.87M
- Warren = $6.11M
Month First Achieved Financial Independence
- Ann Arbor = 59.00 Years (708 Months)
- Detroit = 4.42 Years (53 Months)
- Flint = 10.17 Years (122 Months)
- Grand Rapids = 32.00 Years (384 Months)
- Lansing = 16.00 Years (192 Months)
- Livonia = 45.00 Years (540 Months)
- Sterling Heights = 36.83 Years (442 Months)
- Warren = 41.83 Years (502 Months)
No Real Estate, Invest in Stocks
Save up and invest in stocks while you remain a renter the entire time. Do not buy any real estate... owner-occupant or investment.
Net Worth at 40 Years
- Ann Arbor = $4.14M
- Detroit = $3.82M
- Flint = $3.82M
- Grand Rapids = $3.91M
- Lansing = $3.82M
- Livonia = $3.94M
- Sterling Heights = $3.94M
- Warren = $3.85M
Month First Achieved Financial Independence
- Ann Arbor = 61.75 Years (741 Months)
- Detroit = 45.33 Years (544 Months)
- Flint = 45.33 Years (544 Months)
- Grand Rapids = 44.83 Years (538 Months)
- Lansing = 45.33 Years (544 Months)
- Livonia = 48.67 Years (584 Months)
- Sterling Heights = 48.67 Years (584 Months)
- Warren = 45.17 Years (542 Months)
Pay off mortgages early when Nomading™ with any excess cash.
Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early with any excess cash.
Net Worth at 40 Years
- Ann Arbor = $7.49M
- Detroit = $51.12M
- Flint = $16.19M
- Grand Rapids = $12.18M
- Lansing = $14.52M
- Livonia = $7.55M
- Sterling Heights = $10.55M
- Warren = $7.05M
Month First Achieved Financial Independence
- Ann Arbor = 44.00 Years (528 Months)
- Detroit = 4.00 Years (48 Months)
- Flint = 8.17 Years (98 Months)
- Grand Rapids = 20.25 Years (243 Months)
- Lansing = 13.08 Years (157 Months)
- Livonia = 32.92 Years (395 Months)
- Sterling Heights = 27.08 Years (325 Months)
- Warren = 29.00 Years (348 Months)
Pay off mortgages in full early when Nomading™.
Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early but only when you can pay off the entire balance in full.
Net Worth at 40 Years
- Ann Arbor = $8.54M
- Detroit = $50.96M
- Flint = $16.17M
- Grand Rapids = $14.00M
- Lansing = $16.99M
- Livonia = $8.18M
- Sterling Heights = $11.64M
- Warren = $7.89M
Month First Achieved Financial Independence
- Ann Arbor = 45.75 Years (549 Months)
- Detroit = 3.75 Years (45 Months)
- Flint = 8.17 Years (98 Months)
- Grand Rapids = 20.00 Years (240 Months)
- Lansing = 11.00 Years (132 Months)
- Livonia = 34.33 Years (412 Months)
- Sterling Heights = 26.42 Years (317 Months)
- Warren = 28.00 Years (336 Months)
25% Down Payment Non-Owner-Occupant as Renter
Buy up to 10 non-owner-occupant properties with 25% down payments, but never buy an owner-occupant property. Remain a renter instead.
Net Worth at 40 Years
- Ann Arbor = $7.11M
- Detroit = $66.67M
- Flint = $19.91M
- Grand Rapids = $14.25M
- Lansing = $17.49M
- Livonia = $8.59M
- Sterling Heights = $11.87M
- Warren = $8.46M
Month First Achieved Financial Independence
- Ann Arbor = 53.00 Years (636 Months)
- Detroit = 3.08 Years (37 Months)
- Flint = 4.42 Years (53 Months)
- Grand Rapids = 23.00 Years (276 Months)
- Lansing = 12.75 Years (153 Months)
- Livonia = 38.08 Years (457 Months)
- Sterling Heights = 30.58 Years (367 Months)
- Warren = 33.83 Years (406 Months)
20% Down Payment Non-Owner-Occupant as Renter
Buy up to 10 non-owner-occupant properties with 20% down payments, but never buy an owner-occupant property. Remain a renter instead.
Net Worth at 40 Years
- Ann Arbor = $6.55M
- Detroit = $67.58M
- Flint = $20.12M
- Grand Rapids = $14.66M
- Lansing = $17.95M
- Livonia = $7.11M
- Sterling Heights = $11.51M
- Warren = $8.21M
Month First Achieved Financial Independence
- Ann Arbor = 55.83 Years (670 Months)
- Detroit = 2.67 Years (32 Months)
- Flint = 4.08 Years (49 Months)
- Grand Rapids = 23.00 Years (276 Months)
- Lansing = 13.00 Years (156 Months)
- Livonia = 42.00 Years (504 Months)
- Sterling Heights = 32.00 Years (384 Months)
- Warren = 34.00 Years (408 Months)
More Model Comparisons for Michigan
The following are the various scenarios we ran summarized with Michigan cities highlighted.
- Is it better to put 20% down or 25% down when buying rentals? - First, we buy an owner-occupant property with 5% down then we start buying rental properties. Should we put 20% down for buying the rentals or 25% down. See how putting 20% down or 25% down does as we model it across the US in over 300 cities.
- Is it better to put 20% down or 25% down when buying rentals when you don't buy an owner-occupant property first? - We start buying rental properties immediately... even before we buy an owner-occupant property. Should we put 20% down for buying the rentals or 25% down. See how putting 20% down or 25% down does as we model it across the US in over 300 cities.
- Is it better to put 20% down and buy rental properties or Nomad™ with 5% down to acquire 10 rentals? - Will you be able to be financially independent faster and with less risk if you buy just an owner-occupant property with 5% down then buy up to 9 more rentals by saving up 20% down payment for each one, or is it better to acquire 10 properties by putting 5% down for each one using the Nomad™ strategy.
- When Nomading™ should you consider selling ALL your rentals if it means you'd be able to invest in stocks, bonds or something else and live off these investments using a Safe Withdrawal Rate instead of the cash flow from rentals? - You could acquire a portfolio of rentals utilizing the Nomad™ real estate investing strategy and wait for the cash flow to be great enough for you to be able to achieve financial independence from the cash flow. But, what about the equity in your properties? Would it be better for you to sell off all the rentals and take the net proceeds after all the expenses and invest that in something else. Then, live off these other investments using a Safe Withdrawal Rate?
- Is it better to put 25% down and buy rental properties or Nomad™ with 5% down to acquire 10 rentals? - Will you be able to be financially independent faster and with less risk if you buy just an owner-occupant property with 5% down then buy up to 9 more rentals by saving up 25% down payment for each one, or is it better to acquire 10 properties by putting 5% down for each one using the Nomad™ strategy. 25% down has a slighter better interest rate than 20% down.
- Is it better to buy 20% down rentals or invest in stocks? - See how buying 20% down rentals does compared to buying no real estate and only investing in stocks as we model it across the US in over 300 cities.
- Is it better to buy 25% down rentals or invest in stocks? - See how buying 25% down rentals does compared to buying no real estate and only investing in stocks as we model it across the US in over 300 cities.
- Is it better to use the Nomad™ strategy to acquire rental properties or invest in stocks? - See how buying properties as an owner-occupant with 5% down then converting them to rentals after living there for at least a year does compared to buying no real estate and only investing in stocks as we model it across the US in over 300 cities.
- Is it better to use the Nomad™ strategy to acquire rental properties or buy a single owner-occupant with 5% down then buy up to 9 rentals all cash? - See how buying properties as an owner-occupant with 5% down then converting them to rentals after living there for at least a year does compared to buying just one owner-occupant with 5% down then buying up to 9 rentals all cash as we model it across the US in over 300 cities.
- Is it better to use the Nomad™ strategy to acquire rental properties or buy up to 10 rentals all cash? - See how buying properties as an owner-occupant with 5% down then converting them to rentals after living there for at least a year does compared to buying up to 10 rentals all cash as we model it across the US in over 300 cities.
- Is it better to buy rentals with 20% down or all cash after buying a single owner-occupant property with 5% down first? - See how buying rental properties with 20% down compares to buying rentals for all cash after, in both cases, buying a single owner-occupant property with 5% down first as we model it across the US in over 300 cities.
- Is it better to buy rentals with 25% down or all cash after buying a single owner-occupant property with 5% down first? - See how buying rental properties with 25% down compares to buying rentals for all cash after, in both cases, buying a single owner-occupant property with 5% down first as we model it across the US in over 300 cities.
- Is it better to pay off rentals when Nomading™ early with extra cash flow or only pay them off in full? - When you're Nomading™, should you pay off mortgages early? Specifically, is it better to take any excess cash and pay off rentals early with any excess cash you have or wait until you've saved up enough where you pay off the mortgage in full and keep the excess money in the stock market while you're waiting. See which is better as we model it across the US in over 300 cities.
- Is it better to pay off rentals early with extra cash flow or traditional Nomad™? - Is it better to pay off mortgages early? Should you do traditional Nomad™ or pay off your Nomad™ properties early with extra flow? See which is better as we model it across the US in over 300 cities.
- Is it better to pay off rentals in full early or traditional Nomad™? - Is it better to pay off mortgages early? Should you do traditional Nomad™ or pay off your Nomad™ properties in full early? You keep your money invested in the stock market until you have enough to pay off the lowest balance mortgage. See which is better as we model it across the US in over 300 cities.
- Is it better to pay off your owner-occupant mortgage when Nomading™? - Is it better to pay off your owner-occupant mortgage when Nomading™ if that means you're financially independent? Or, should you just do traditional Nomad™ without paying off your owner-occupant property early? See which is better as we model it across the US in over 300 cities.
- Is it better to buy an owner-occupant property for 5% down when otherwise buying 20% down payment rentals or keep renting instead? - When you're buying 20% down payment rentals, should you first buy an owner-occupant property for 5% down? Or, should you remain a renter yourself? See which is better as we model it across the US in over 300 cities.
- Is it better to buy an owner-occupant property for 5% down when otherwise buying 25% down payment rentals or keep renting instead? - When you're buying 25% down payment rentals, should you first buy an owner-occupant property for 5% down? Or, should you remain a renter yourself? See which is better as we model it across the US in over 300 cities.
- Is it better to buy a single owner-occupant with 5% down then buy up to 9 rentals all cash or with 20% down payments? - First, buy an owner-occupant property with 5% down and PMI. Then, let's see if it is better to put 20% down to acquire up to 9 more rentals or to save up to buy all properties all cash without any loan. Explore this comparison as we model it across the US in over 300 cities.
- Is it better to buy a single owner-occupant with 5% down then buy up to 9 rentals all cash or with 25% down payments? - First, buy an owner-occupant property with 5% down and PMI. Then, let's see if it is better to put 25% down to acquire up to 9 more rentals or to save up to buy all properties all cash without any loan. Explore this comparison as we model it across the US in over 300 cities.
Specific Strategy Summaries for Michigan Cities
The following are the various scenarios we ran summarized with Michigan cities highlighted.
Check out how these reports summarizing how a particular strategy performed across all states:
- 5% Lower Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 5% lower rents.
- 5% Higher Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 5% higher rents.
- 10% Property Price Premium While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 10% premium.
- Nomad to Short-Term Rentals with 75% Higher Rents - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 75% higher rents but with doubled maintenance expenses as well.
- .5 Worse Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 worse/higher mortgage interest rate.
- Nomad to Short-Term Rentals with 50% Higher Rents - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 50% higher rents but with doubled maintenance expenses as well.
- 10% More Job Income While Nomading™ - Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% more income than in the Baseline Nomad™ Scenario.
- 25% Down Payment Non-Owner-Occupant - Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 25% down payments.
- 5% Property Price Premium While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 5% premium.
- 10% Property Price Discount While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 10% discount.
- 10% Less Job Income While Nomading™ - Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% less income than in the Baseline Nomad™ Scenario.
- Nomad™ and Sell ALL Rentals if SWR Achieves FI - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell all the rental properties if by doing so you can invest the proceeds and achieve financial independence utilizing a Safe Withdrawal Rate of the money you have invested.
- .25 Better Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 better/lower mortgage interest rate.
- 10% Higher Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 10% higher rents.
- Nomad to Short-Term Rentals with 25% Higher Rents - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 25% higher rents but with doubled maintenance expenses as well.
- Baseline Nomad™ Scenario - Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy.
- 10% Property Manager While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except hire a professional property manager costing 10% of gross rents.
- 3% Property Price Discount While Nomading™ as Real Estate Agent - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you take your 3% commission as a discount off the purchase price.
- Nomad™ and Payoff OO if Achieves FI - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except payoff your owner-occupant property if by doing so that means you achieve financial independence.
- Buy Non-Owner-Occupant All Cash As Renter - Save up and buy up to 10 non-owner-occupant properties all cash (without any mortgage) while you remain a renter the entire time.
- Buy Non-Owner-Occupant All Cash - Buy 1 owner-occupant property with 5% down then save up and buy up to 9 non-owner-occupant properties all cash (without any mortgage).
- Nomad™ Start with $0 - Do the traditional Nomad™ strategy except you start with $0 saved up.
- 5% Property Price Discount While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 5% discount.
- .5 Better Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 better/lower mortgage interest rate.
- 3% Commission While Nomading™ as Real Estate Agent - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you earn a 3% commission with each property you purchase.
- Nomad™ and Sell SOME Rentals to Payoff Others if FI - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell some rental properties if by doing so you can payoff the others and achieve financial independence primarily from free and clear cash flow.
- 20% Down Payment Non-Owner-Occupant - Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 20% down payments.
- .25 Worse Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 worse/higher mortgage interest rate.
- 10% Lower Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 10% lower rents.
- No Real Estate, Invest in Stocks - Save up and invest in stocks while you remain a renter the entire time. Do not buy any real estate... owner-occupant or investment.
- Pay off mortgages early when Nomading™ with any excess cash. - Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early with any excess cash.
- Pay off mortgages in full early when Nomading™. - Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early but only when you can pay off the entire balance in full.
- 25% Down Payment Non-Owner-Occupant as Renter - Buy up to 10 non-owner-occupant properties with 25% down payments, but never buy an owner-occupant property. Remain a renter instead.
- 20% Down Payment Non-Owner-Occupant as Renter - Buy up to 10 non-owner-occupant properties with 20% down payments, but never buy an owner-occupant property. Remain a renter instead.
Detailed Michigan City-Specific Modeling
Check out the detailed modeling for these Michigan cities.







