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Updated almost 6 years ago,

Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Kyparissia, Messinia
  • Member since Aug 30, 2017
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Kyparissia, Messinia
  • Member since Aug 30, 2017
Connect
Account Closed
  • Kyparissia, Messinia
43
Votes |
94
Posts
Michigan Real Estate Q&A Discussion Forum

Investing in Eastpointe, MI

Account Closed
  • Kyparissia, Messinia
Posted

Hello,

It has been my dream/goal to someday invest in East Detroit area.  Grosse Pointe area, East Pointe, etc.   I know the area has seen better days, but would it be wise to buy a house say at about 60K, that would be paid in cash, with about 2,100 in taxes?  When I do the numbers, it gets a good cash flow at about $800 rent. (Might need a bit of work)

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