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Updated about 11 years ago on . Most recent reply

User Stats

14
Posts
6
Votes
Chanel Oldham
  • Real Estate Professional
  • Detroit, MI
6
Votes |
14
Posts

Just Starting Out

Chanel Oldham
  • Real Estate Professional
  • Detroit, MI
Posted

Hello all,

I've heard the advice a lot that when starting out in real estate investing you want to stick close to where you live because chances are you know that market best. My question is what if the place you live is not necessarily the best place to invest or the best place to use the style of investing that you plan to specialize in?

Most Popular Reply

User Stats

47
Posts
9
Votes
Gary Hurst
  • Investor
  • Belton, TX
9
Votes |
47
Posts
Gary Hurst
  • Investor
  • Belton, TX
Replied

I bet you can still find some deals. And where you are,Detroit I think is going to be a gold mine. There are a lot of plans to try and get Detroit back on its feet. One plan includes lowering the Federal Income tax to 5% and Capital Gains to 0% If this happens hold on the Boom is a coming. Good luck.

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