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All Forum Posts by: Richard Dunlop

Richard Dunlop has started 7 posts and replied 715 times.

Post: Does anyone know about the market in Michigan?

Richard DunlopPosted
  • Investor
  • Detroit, MI
  • Posts 755
  • Votes 461
Originally posted by @Nate Jefferson:

@Gary Carver From what I’ve head Detroit isn’t that great of a market anymore because of the decline of the area. Would it be logical to invest into that area right now?

   ?   ?   ?   ?   ?

Post: What is good market for a newbie ,have around 50,000

Richard DunlopPosted
  • Investor
  • Detroit, MI
  • Posts 755
  • Votes 461

DETROIT, MICHIGAN  

Post: Anyone else feel like the forums are losing value?

Richard DunlopPosted
  • Investor
  • Detroit, MI
  • Posts 755
  • Votes 461

BiggerPockets is still a valuable resourse even after 8 years!
They've done an excellent job except for calling Detroit and Michigan so wrong!

  They were 540 degrees off of reality.
           (That is 180 degrees with an extra complete spin;

              your still pointed the wrong way with an extra dose of dizziness!)


My only complaint is it seems a shame that you have to leave the site to be able to do a real search.
But the search engines do a good job; here is a sample search when I was looking for a specific post of mine that was five years old.
sample search here


I do intend to reactivate Pro and once again participate

Post: Looking for my market

Richard DunlopPosted
  • Investor
  • Detroit, MI
  • Posts 755
  • Votes 461

@Michael S.

16 Feet      

Separates the   $776,000.00 house from the $7600 house

In Indian Village 

Post: Looking for my market

Richard DunlopPosted
  • Investor
  • Detroit, MI
  • Posts 755
  • Votes 461

Detroit has houses better than 95% of the cities in the US!


but it also has houses that are worse than 95% of the cities in the US!

both inside the city limits of Detroit!

Post: Found $873K, need help investing it

Richard DunlopPosted
  • Investor
  • Detroit, MI
  • Posts 755
  • Votes 461

Counterfeit Glock Counterfeit Cash



Post: Would you invest $50,000 in Detroit ?

Richard DunlopPosted
  • Investor
  • Detroit, MI
  • Posts 755
  • Votes 461

Detroit has houses better than 95% of the cities in the US!

Detroit has houses worse than 95% of the cities in the US. Both inside the the city limits.

Post: Would you invest $50,000 in Detroit ?

Richard DunlopPosted
  • Investor
  • Detroit, MI
  • Posts 755
  • Votes 461

@Christian Hutchinson I liked your story about missing out by investing in a suburb(Madison Heights I think) instead of Woodward Ave in the heart of Detroit.

Please Tell it again for all of the people that are still reading 10 year old newspapers in the barbershop.

A lot of these houses in this neighborhood were selling for $25,000 and less when I moved to Detroit! I bought mine for $16,000 now worth $500,000.

I told people I was investing in Detroit because the appreciation was better than anywhere else but the cash flow was gravy.

Post: Is anyone investing in SFI turnkey rentals in Detroit?

Richard DunlopPosted
  • Investor
  • Detroit, MI
  • Posts 755
  • Votes 461

Detroit has houses that are better than 95% of the cities in the US!

Detroit also has houses that are worse 95% of the cities in the US!

Both within the city limits of Detroit. 

Downtown Detroit is the the cleanest most vibrant city I have ever lived in. (Santa Clara CA, San Jose CA, San Diego CA, Orange County (Tustin)CA, Long Beach CA, Phoenix AZ)

Post: Anyone familiar with Detroit, MI RE market?

Richard DunlopPosted
  • Investor
  • Detroit, MI
  • Posts 755
  • Votes 461

 Detroit has higher cash flow AND higher appreciation than any other Market!