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Updated over 9 years ago on . Most recent reply
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Another post on how much Detroit sucks?
I keep hearing about how much Detroit is the worst etc on the podcast. I have a feeling it's mainly being referred to as the scams that go on there and the people who take advantage of new investors.
So rather than saying Detroit is the worst you can't make an honest buck there, I'd like to hear some peoples opinions on HOW you can invest in the Detroit area and do well.
I'm moving to the area (about 45 minutes North) and I refuse to believe there aren't great investment opportunities there where you can safely make an honest living in flips, buy and hold etc.
We gotta give Detroit some love. I like to think opportunity is everywhere and you just have to find it.
Most Popular Reply
I would suggest that anyone looking to invest in Detroit make a trip out to see the city for themselves. There is no one size fits all strategy for Detroit or any other market.
There are areas prime for redelopment but that depends on your pricepoint.
If you have the option to buy a $1,000 pair of shoes or house. Please buy the shoes. At least you can take them back if you change your mind.