Anyways I'm intersted in detroit so anyone with more advice on their investment stories, how the current market is, or any other first person advice would be great.Edit- here's the article from NYT http://www.nytimes.com/2014/05/28/us/detroit-task-force-says-blight-cleanup-will-cost-850-million.html?

This coupled with low interst rates is the main reason I can see.

You can select to avoid interstates or tolls, etc.Before anyone gives you a "direction" if they don't take into account your situation, skills and desires.. then it isn't a path for YOU, but just a path.

if you buy it for the right price, then why would you be against paying points and interst payments to make a substainsial profit?

Had piece of junk property that i thought i'd never sell (paid less than $500 for it): state of arizona bought it from me for $18k to create new alignment for Interstate 10 running through Picacho AZ.

That may help you hone in on the areas of interst to you, your area, type property, etc.

$10 is laughable, as to consideration to the value of assuming ownership rights, it is a recital as to contracts, but not as to equity, there are two courts, one at law another in equity which has noting to do with what investors speak of as to equitablr intersts in RE as we usually think of it, as to the bundle of rights.An option must have a term that is definite, it absolutely can not be open until some contingency is met.

Since I will need to go with a hard money lender, at least in part, what are the chances that a 65% LTV would be available to a rookie-with reasonable interst/points anyway?

@Martin Zawarski intersting and innovative thinking.

Hi Everyone,

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