Personally, I think the taxes are high and the services you get for your taxes low there.I know people that invest in Detroit but you must know the area down to the street and have excellent property management.However, I just talked to my CPA today about a referral he was sending me who is a client of his that has 30 rental properties in Detroit and selling them all because the City doesn't really help, charges for everything, and they never have given a security deposit back to a tenant after they stayed because of their behavior or lack of payment.

His entire approach was to try to make the entire process seem too difficult, but I should trust my money with him because he knows it all.

I am going to be the financing arm of a new build and sell business.

You created a financial model of what you want to happen to your money and investment, but the actual process makes no sense to me at all.

 TREC sale contract signed by buyer and seller.
Buyer put a Memorandum on the property clouding the title stating the date of the contract. (Six days after signing of the contract and way before closing date.)  Unkno...

There are some exceptions, but they are rare, they have access to funds, and they typically built their empire when the timing was right and got lucky.Likewise, it's not often that you can buy a house and sell it for big money six months later.

Hi everyone,Asking this question for a friend: My friends started the section 8 process and already sent them the landlord package but the process is taking forever.

Out of my 3 rentals, one was inherited and the other two we lived in and instead of selling when we moved, we rented. 

Purchase price: $40,000 Cash invested: $45,000 I found an investor that was finished with real estate and had only a few properties to sell.

When a person who's entire thought process has ever been "Hey Seri"....