Originally posted by Franklin Lee:
First of all, take it slow. Graduate from college. GET A JOB. I can not stress this part enough for you here. Having a job is the most single important component of your life. You would need some kind of backup securities to help bring in that steady income.
This is great advice. An income stream is important when you are starting out in life.
Show me where people are saying it is easy.
No, actually, I wouldn't. There are always creative financing ways for a seller and buyer to transact a deal. Just because you don't do them, or maybe even know how to do them, does not mean they don't exist and aren't used often.
Banks don't do zero down deals any more, but some HMLs do. And as for the good sub2s and lease options, well, they are done every day across the country.
Now, having said all of that...
Tiara, forget about investing in Detroit. There are much better places even in Michigan. Get through school first, but while you are in school do some research on the economies of other cities in Michigan and maybe even neighboring states. Then seriously consider moving to one that looks promising when you are looking for your first post college job.
