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key to his operation, is, Detriots his home town, he Nike Roshe Run Brown Red Camo
I know alot of people herewill not like it but i always say follow your heart and your dreams. Not all of us have big money to start buying in beatiful cities. The key is just to learn the areas Thats all nothing more nothing less.
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I guess it all depends on what area of the city you are referring to. Midtown Detroit is waiting list only and the downtown prices are increasing and pushing out the middle class. Other areas on the rebound are Boston Edison District, Corktown, Woodbridge, Indian village, East English Village, The New Center, University District and Roshe Run Air
I wouldn't take a vacant lot for free.
a few other neighborhoods. Almost 40 square miles of the city is vacant. I posted an article from New york times about them battling blight there Nike Roshe Run Blue And Yellow and the millions they must spend. Unfortunately someone removed my post. Not sure why. I have thought seriously about buying vacant lots, in the "war zones", sit on them for future appreciation. I wouldn't want any structures to maintain or manage. Any thoughts?
knows it like the back of his hand, he lives there. So he knows exactly where to buy. Hes a hometown dude everyone respects. But if you serious hope on a plane and spend a week there drive around, talk to people who lve there, learn the city. I live in CA i wanted to invest in Northern In. So i got on a flight and went to work. And nowI know that area like on know Los Angeles. Gary In is similar to Detriot. its not s broekn down but i get good rents, very good.
How Bad is it Really
Ironic thing is that the Chinese are part of the reason Detroit and US Factories went down in general. Now they're returning with their Chinese Yen and buying up our properties. I read an article saying that their are parts of Detroit that are like mainland China now. I'm interested in the Boston Edison district but I'm interested to hear about your overall experience. If you a local you can clean up renting to section 8 tenants. Detroit is tricky but i posted a few days ago about Detroit, i have a buddy that started with 10 rentals he bought for 2k a piece. Him and his wife rehabbed them.
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Detroit just got named by Forbes as the worst city in the US to raise a family.
Sounds like the type of place I"d like to buy for super cheap now and hold for many years. I guess it could also just become so blighted that the city never returns, but I think that if the US market returns as a whole it might appreciate either way. The Chinese are buying up Detroit like they're kids in a candy store.
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My friend used to do junk removal and would sometimes get calls from out of state people who had purchased vacant lots on Ebay for a few hundred dollars. They would have to pay much more than that to have garbage removed from the property to avoid huge fines from the city. Illegal dumping is a huge problem in Detroit.
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