Just examples though.The demographics and crime stats in Wayne beat the hell out of any neighborhood in Detoit.

A 100+ year old house could be a serious money pit and like Ann mentioned the stats of McGill are quite depressing.You could generate some serious cash flow with $350k elsewhere and not take on a fraction of the risk.

In all cases, you have to do some examination of the comps to see their condition and actual configuration.

A person who has met all the license qualification requirements (including a 75-hour prelicensing course and passing the Commission’s license examination) is initially issued a broker license on “provisional” status and is referred to as a “provisional broker.”

Here's some interesting stats of them: http://siteanalytics.compete.com/linkedin.com+pandora.com+zillow.com/

My favorite contingency language is: “The buyer shall not be bound to this contract, and all earnest money shall be returned until the buyer has examined and approved the condition of the premises, the title, and the financial arrangements as of the date of settlement.”

The latter part of the second statement, "half the borrowing is 'from countries like China'", was also examined in the linked article and was determined to be inaccurate.Nevertheless, the verified point here, 42% of spending is new borrowing, is the underlying problem here.

I do walk through all properties prior to purchase, and check on crime stats, schools, etc. for the neighborhood.Send me a message if you'd be interested in working with my PM, unless you're wedded to investing in the Detroit area.

FHA also has flexibility to examine and require additional evidence of appraised value when properties are re-sold within 12 months.

He examines what creates success and its much more than hard work and natural talent.