The real deal about Detroit...?

[Mike McClung]

Hi all,

I'm a newbie out-of-country investor (American living in Singapore). Been using the internet to check out REO markets across the US, and Detroit keeps coming up where you can get the most house for the least money.

I know that Detroit has been stuggling for a long time, and that it's likely that any property I buy will not sell fast, but if I buy low enough, should that really matter?

Would welcome any thoughts or observations.