Detroit Investing - What Neighborhoods are You Investing In?

[Cassandra Sifford]

Good day BP!!! I recently went to visit Detoit and found it to be a nice, friendly city with a lot to do. Never been before so I wasn't sure what to expect.  I walked a neighborhood in zip code 48207, there were vacant buildings (I see loft potential). We ventured outside of the city were there were a lot of vacant homes, zip code 48208 (multifamily potential). I recently read that Ford Motor Company has purchased the old train station which will house it's technology campus.  Does anyone currently invest in certain neighborhoods with good cash flow or have been currently researching the real estate market? It's a long distance venture, but I'm up for a successful challenge.  Any opinions are GREATLY appreciated!!!

Enjoy your day ... Cassandra :)

[Ramesh Nyberg]

Cassandra and Christian..this is an interesting read for a southerner like me. Detroit sounds like a new frontier, and a re-building opportunity. Am I reading that right? I am interested in learning more. I'm not so keen on a 3-month fix and flip as I am something I could buy today for $40,000..rent and/or rezone if necessary, and re-sell for 90-100k,  a year or two from now. Is that the kind of potential you are seeing?