All Forum Posts by: Account Closed

Tom A. so when you talk about the 2-3% in the middle class neighborhoods of detroit, what are those going for? and the houses that are on the market for a week, what about those?

hey, i'e been interested in detroit no too for awhile. i dont live there but for the right investment i would be willing to go anywhere. what i saw just browsing was that the price jumps are incredible, theres certainly nothing like it anywhere in the US. houses in "downtown detroit" (not sure where entirely), often exist at around 1,000 or less. who knows what damage has been done to them. these are the kind that people from china and overseas are buying in bulk and sitting on. when i look at the supposed up and coming neighborhoods (e.g. midtown), prices are already not too different, at least at first glance, than prices anywhere else in the us. places seemed to be aro
und 130,000 up into 300's, 400's and even millions. so, i think it goes without saying that detroit must be a very very slippery area.

that being said, what are rents in detroit right now?
are cash flow properties readily available?