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Al’s Well
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@agfreesafety
Join Date: 2015
Post Count: 4
December 28, 2015 - 2:44 pm
EngeloRumora wrote:
I love myself a little bit of D-Town haha
I checked out your website. Well done.
Do you have any properties in the Detroit area currently? Do you have any you’re looking to sell by any chance?
Al’s Well | Lee Equities
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Al’s Well
Participant
@agfreesafety
Join Date: 2015
Post Count: 4
December 28, 2015 - 2:42 pm
Nigel Kibel wrote:
An interesting article on the worst crime hit cities in America no surprise that Detroit is at number one
http://joeforamerica.com/2015/10/10-dangerous-cities-america/?utm_content=buffer20922&utm_medium=social&utm_source=facebook.com&utm_campaign=laura_ingraham_buffer
The surrounding suburbs of Detroit can be very lucrative for renovation flips, however.
And while the city of Detroit has its bad spots, it can be a lucrative market for cash-on-cash returns, as far as rental property is concerned, if you know what you’re doing.
Whenever an area is down-stricken financially, crime usually follows. The good side to this from an investor’s standpoint, is that this means there are a lot of people that don’t have the credit needed to buy, so there’s a plethora of tenants that are good people that will take care of your unit.
- This reply was modified 8 years, 4 months ago by Al's Well.
Al’s Well | Lee Equities
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Al’s Well
Participant
@agfreesafety
Join Date: 2015
Post Count: 4
December 28, 2015 - 2:28 pm
I think a good resource would be an appraiser.
They can tell you what to do to a house that will improve it’s value.
I did a post on the things that DON’T boost property value here in the US, I’d assume the same would ring true in Australia.
Al’s Well | Lee Equities
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Free report on how to TRULY make huge passive money in real estate --> www.LeeEquities.com/profits
Al’s Well
Participant
@agfreesafety
Join Date: 2015
Post Count: 4
December 28, 2015 - 2:19 pm
I live in Detroit. Not all parts are bad, but there are definitely some war zones.
If you know what you’re doing, and know the right areas, the cash on cash returns in Detroit for rental properties can be pretty hard to beat.
Al’s Well | Lee Equities
Email Me | Phone Me
Free report on how to TRULY make huge passive money in real estate --> www.LeeEquities.com/profits