For all you people looking at Detroit as an easy cash flow area

[Scott K.]

http://www.detroitnews.com/longform/news/special-reports/2015/02/18/arson-fires-detroit-cost/22596529/

Every day more and more of Detroit burns down.

This could be your great cheap cash flowing property.  Let this be a lesson on what is going on in this city.

Add all the other problems the city has this is why I tell people it is not worth the hassle.  Not when you can go 5 miles north, west, and south and find deals to cash flow 300 a month.

I get called out on hating on Detroit.  But the facts are the facts and my attitude is not making it worse.  People that spew that its people like me keeping Detroit back are just stupid idiots.

Flame away Detroit defenders

[Joe Villeneuve]

Then there's the other side.  The side that I have more experience in.  The success stories and the change in politics that is offering the new platform for the future.

Oh, and I want to thank you Scott for your Home grown anti-Detroit stance.  You are one of the reasons Detroit gets the its bad rap.  I've never called anyone out on this board before, but you must have something special that makes you have this one sided view of things.  Detroit isn't perfect by any means, but show me one area/market that is.  It's also not the war zone you are making it out to be...and by doing so, you're just adding to the lazy outsiders opinions of it.

The byproduct of this type of badgering just contributes to the opinion of those outside of this state, that Michigan is inside of Detroit...and this has a negative effect on the opinion of others on the suburbs...including the one you live in.

Now, do I like investing in Detroit? No.  But not for the reasons Scott likes to bring up.  Just like any other market I invest in, it doesn't match my investment model.  It does match many others.  I also wouldn't suggest to any investors outside of the state to invest in Detroit on a small scale.  You need to come in with power.  Any thing short of $1M is a waste of time and effort...and you'll be spraying the same words seen at the top of this page...and with good reason.  You have to take control of entire neighborhoods to do it right.  You need a team in place, and money to spend...fast.  Those that have (I know a number of them) are enjoying their investing here.

If you don't have that kind of power, or team in place for that kind of volume, invest in the suburbs.  You won't regret it.