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Updated almost 8 years ago on . Most recent reply

Alon Kushnir's profile image
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Alon Kushnir
  • from Kiryat Ono, israel
  • Member since Jun 18, 2017
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Alon Kushnir's profile image
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Alon Kushnir
  • from Kiryat Ono, israel
  • Member since Jun 18, 2017
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Alon Kushnir
  • Kiryat Ono, israel
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Detroit Real Estate Forum

Detroit New Investment Opportunities

Alon Kushnir
  • Kiryat Ono, israel
Posted

Hello everyone

Detroit went through ups and downs

Is this the point where Detroit is on the wave for real estate investors? 

Is this the hot investment now?

Detroit, Michigan
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Brian Ploszay
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  • from Chicago, ILLINOIS
  • Member since Oct 28, 2009
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Brian Ploszay
  • Investor
  • Chicago, IL
Replied

Alon,

I read that you are from Israel.  Have you ever been to Detroit?   I actually think a portion of Detroit is making a big comeback.  But it is a small portion.   A large part of the city is still blighted.  Prices of properties in these areas are inexpensive.  These properties can be renovated for low income housing - but I'd leave it to local investors.   Not a great strategy for out of area investors or passive income.   

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