I bought a vintage 4-flat in a rapidly gentrifying area. 

Hello Bigger Pockets!Just wanted to introduce myself and says thanks for such a great resource!  I've been pouring over the blogs and forums absorbing as much knowledge as I can.  The last 3 weeks I've attended the we...

I have kept pace with Central Kentucky, adapting to the area's rapid growth and changing economy while maintaining exacting standards and integrity.Helping clients buy and sell Real Estate in Lexington Kentucky area.

Business is growing quite rapidly at the moment, and I love the work I do.

I don't know which ones they are, but rapid appreciation/cost rising without commensurate wage increases (or rabid influx of outside money) won't be sustained indefinitely without a correction. 

We have abundant, cheap land not found in other big cites and metropolitan areas.And although we are really bad at Mass and Rapid Transit (no passenger trains or subways) we are really good at building roads and highways that keep everyone moving and the area expanding.

I located a very decripit duplex in my area and I am searching County records to find the owner.The duplex is in an area with rapidly rising prices, and I am a newbee investor.What would you suggest as the best strategy to approach the owner to see if he will sell for a deeply discounted price? 

I can always sell later and it's in an area that is rapidly going up in value.

Primary Market: Portage, Kalamazoo, Mattawan, Schoolcraft, Vicksburg, Secondary: Grand Rapids, Holland, ZeelandI'm also a licensed agent for my own investment purposes- happy to help fellow local investors when the need arises. 

http://twentytwowords.com/5-years-of-street-view-photos-show-detroits-shockingly-rapid-decay-19-pictures/