From Beautiful (getting colder) Michigan

[Aaron Dionne]

Hi, everyone. Not new to investing, but new to this site. We'll see if I can keep up with posts and read all the articles. I'm a member of the Swamp Stompers 4x4 club here in southeast Michigan and also a homebrew (beer) club, and hardly have time to keep up with all the posting on these forums. But like those other two interests, I'm really passionate about real estate. I started about five years ago, and have almost 30 single-family rentals in Flint. I've done a few rehabs, but am always concerned whether they will sell. Next thing I want to get into is a 20-unit apartment, and then maybe a 100. Going through David Lindahl's latest apartment riches course right now.

Aaron Dionne

[Aaron Dionne]

Wish we knew. Landlords are just trying to hold on right now. People have been saying "Things have to get better" since GM started pulling out 20-30 years ago. And the people have been leaving in droves.

The city is tearing down a lot of houses, so that should help demand. Some people in power want to remove every house from various blocks, and just let them go back to grass and trees. I see urban farms as a possible use.

A few businesses (mostly restaurants) have joined the revitalization downtown this year. University of Michigan probably helps the downtown area in that regard.

Jon, I agree that we need businesses to come. As I have read, that's what starts the good part of a real estate market cycle - where the economic curve starts to swing up. I wonder if there is a book for politicians to read about attracting businesses to a state/city. Our governor seems to be trying for Michigan, but lots of people still criticize her.