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All Forum Posts by: Rodolfo Goncalves

Rodolfo Goncalves has started 1 posts and replied 31 times.

Michigan Real Estate Q&A Discussion Forum

Post: Finally ready to buy...

Rodolfo GoncalvesPosted
  • Ypsilanti, MI
  • Posts 33
  • Votes 29

I have been paying attention to that region in a while and it puzzles me. The prices are very low - you can buy a downtown Victorian home for less than $100k in Tecumseh and $60k in Adrian. Many duplexes sell for $50k. Tecumseh is a cool city and I have friends that live there for 20+ years and love it. Adrian is a college town and has a lot of potential for rental. But why are the prices so low? I can't find the catch, please let me know what your thoughts are. I live and have houses in Washtenaw county and the market for rentals here is very hot, 1.5% rentals easily. 

1 Vote