All Forum Posts by: Richard Dunlop

I couldn't find the "War Zone" sub-sub forum for Detroit Michigan?

It's about 2 miles from what I would call the start of the Belmont neighborhood, she was given wrong info.

The roof while not terribly old had lots of sags and low spots I'm sure they were not planning to correct this in their renovation.

It is North of Fenkell but in that small area South of Fenkell is more stable but neither is good.

I talked to six different people in the neighborhood all have hopes but it is a rough neighborhood and probably bottomed out. But definitely not stable enough for an out of country investor.  

Current eviction still ongoing.

There are way better ways to invest in Detroit RE than to buy a SFR and hope for the best.

If I'm buying in a marginal neighborhood, I'll require 2 nice well kept houses next door, across the street, across the alley that the owners are glad I'm buying the vacant house and will watch it for me. There were NONE!

When is your meet up?

I was wondering the same thing; I had 9 recommendations that seemed to just fizzle out when I clicked.

You would normally have to have proof of funds to get any REO offer accepted.

It is a $10,000 house at best with the current tenant being evicted.  

I gave her 7 additional reasons why it is not feasible.

Be well researched and prepared for the request for jury trial!

If done right in some jurisdictions, I bet you could get a judge to order him to put rent money into an escrow account for every month you are waiting on the jury trial. And possibly sanction him or revisit the request for jury trial if he stops paying into the escrow account.

I'LL start a crowdfunding campaign and donate the first $100.00 to pay your legal bills if you commit to take it all the way to judgment And do a vicious debtor's examination! 

 I left a prior tag in when I was deleting from a bulky post. It could look like I was quoting you and I was not. Sorry. 

Those minutes mean a lot in Detroit! (Neighborhoods change in 3 blocks and less)

Is that your house in your profile picture? If it is in Hong Kong you could buy 10% of Detroit for the price of that one house. (well not quite)