And the Indians bought the property on the other side of the street  200 plus acres for 200 plus million.

Dear Experts I'll ask the question first and then give the context so if you are not interested you can stop reading here.Is it a good idea to take a personal loan at 4.74% that I can close in 4 years, and buy a property in Mumbai, India? 

BTW, while at UH Manoa (Im an alumni), if you like Indian Food , check out my restaurant on campus in Paradise Palms food court India Cafe. 

I'm now out East, which is far far worse, always a good reminder of why we love the West, and am working on getting back to MT before it, too, has gone the way of the Indian Peaks and the Sierra's. 

Randy Hughes aka Mr Land Trust has some interesting ideas combining multi state trusts, trustees, LLC and even going so far as using an Am Indian Attorney on tribal land as trustee.

Jennifer Riley at Indian River Land Company

He said something that just fit so Properly to the situation, He said " It's not the arrows, It's the Indian" .

That is, unless you are Indian.  

Property is within Indian Lake East neighborhood with ready access to major highways for easy commuting.

Not sure of the areas you drove by,But please check out these that are gentrifying in a large scale and investors are snapping them up:1) Palmer Woods2) Sherwood forest3) University District4) Boston Edison5) Green Acres6) North Rrosedale park7) Brush Park8) West Woodbridge9) Historic Atkinson10) Woodbridge11) Rouge Park12) Rivertown13) Rosedale Park14) Hubbard richard15) Far West detroit16) Grandmont17) Indian Village18) Corktown19) East English Village20) Belmont21) Aviation Sub22) Minock Park23) Grandmont#124) Bagley25) Buffalo34) Eliza Howell35) Grant36) Evergreen Lahser 7/837) Winship38) W Outer Dr39) Moross-Morang40) Morningside41) The Eye42) Jefferson Chalmers43) Eden Gardens44) Davison45) Evergreen-Outer46) Joy communityAnd btw I have "left out" a few selective areas here, for my purchasing criteria...I own 86 rentals SFRs and 1 commercial (a bank building), and keep the rent rolls ticking.With a crew on the ground (on payroll).Just saying, it is not for everyone, but for those who aspire, it is a possibility.One can't paint all of Detroit in one single brush.And that is the issue I see.