In which stage of the process are you now Richard?What kind of developments were you able to obtain lately?

jayhinrichs wrote:
Just thunder lighting and heavy rainfall or hail. There was a big one that put the Lanceair airplane manufactorer out of bizzness 6 or 7 years. Ago they have 40 brand new 600k airplanes on the ramp at Bend Or.. facility and a huge thunderstorm with golf ball size hail damaged everyone of those aircraft it was a huge problem…[Read more]

OK guys, let's try to sort some things out with regards to Detroit.Jay is perfectly right when is stating that "slums are slums" no matter where they are. If you try to compare the slums of Detroit with the slums of Charlotte or Atlanta, they probably are NOT the same ! Detroit is a bigger city and its slums are, of course bigger.In fact, for me ,…[Read more]

Nigel Kibel wrote:
Jay I agree there are a lot of other bad areas in the USA Including ATL. The point is if you are going to spend your money there are plenty of better places top spend your money

   Nigel, as I'm one of those "idiots" investing in Detroit, I'm still confused about your late statements: are you talking about spending or i…[Read more]

Jay, you are right again, for  a hundred-th time. In Detroit, if you are on the wrong block, you can go very wrong.Of course, Yahoo's article is far from the truth, as we speak, but the prices in Detroit's suburbs are high, as well and is still good to invest there, if you are not familiar with the inner city.But I'm sure , sooner or later,  the m…[Read more]

Jay, You are partially right; search online and you'll see LOTS of complaints AGAINST BBB addressed to the way they handle things. When you say that 99% of out of US investors don't know about the existence of BBB, you are right; the same with the field BBB is concerned about.

The problem with reporting some business to BBB is that ALL the members of the BBB are PAYING subscriptions to that service. As BBB is getting money from this guys, it will do NOTHING to touch its customers in a negative way. I've read and heard a lot of stories about BBB and in the best case scenario they'll have the case reviewed and that's…[Read more]

Alex SC wrote:
Cheeves ( Scott )already spoke about this. The would be a great solution if we could all work it out.

  Let's get together and plan some for the start

For me it's a typical investment issue : the higher the risk-the higher the return (in case you get there). With nice houses in good locations can you get the same rate as the ones in the hood? I doubt it. You'll have more safety, that's true, but most of the OZ are looking for a rapid recovery of their money, from what I see on this forum, and…[Read more]

Michael Osbourne,  Would you contact me, please?

Jay,  What Michael Osbourne referred to was about Guaranteed Returns, which of course involve as the main source of income the RENT. Of course it is ILLEGAL to guarantee rent !  When you deal with somebody who doesn't know about the legal aspect of guaranteed securities you should RUN !!!  JAY, please can you find a link to the legal law ar…[Read more]

I second Jay on his qualified thoughts about the inspectionAll the sellers should have VIDEO inspections (HD if possible) and use qualified personnel for the property inspection. The inspection should include the heigbourhood, if possible, if not at least the block surrounding the property. Also, the result of the final inspection should be…[Read more]

Alex SC wrote:

mihovi wrote:
Lots of articles online are a little bit too general and misleading.And Detroit should shut off the lights on 90% of the streets..

Scary thought about the city going to turn off the lights

   Anyways, they've "turned off the lights" long time ago, and not only on the streets…

Alex SC wrote:
80S were not a good time for me I was the Tall skinny kid who was in chess club , and smart kid. So man but 20 years forward life is good. LOL Where are you located at  if you dont mind me asking .

Right now I'm in Vancouver as I have a Chinese client for one property, but I might have to go to Detroit; some previous customers…[Read more]

Lots of articles online are a little bit too general and misleading.And Detroit should shut off the lights on 90% of the streets..

Alex SC wrote:

AREIJoel wrote:
Guys, I truly believe that going through an agent who relies on commissions is the wrong way to go about it from a foreign investor perspective. If you are going to be managing a property from so far away, then you need to align yourself with a company who is not in it for the short quick profits. Sure everyone…[Read more]

Do you have any idea where you want to buy?In your research you might want to consider this, as well:http://247wallst.com/2011/10/19/cities-where-homes-will-not-sell/?utm_source=nrelate&utm_medium=related&utm_campaign=related   a…[Read more]

I paid for almost 1/2 year and I cancelled the subscription as it didn't help me in any way. In many cases, the data posted was obsolete, old info, etc. Completely unhappy with their service.

I'm not defending Jeremy Burgess as I don't know personally know him. It's just I've heard from some people working with him and from his online presence. That's all. If he's a crook, he is a crook, Detroit is full of them, but I don't want anybody to assume that I'm associated with him in any way. Too bad that this happened to Richard. I…[Read more]

jayhinrichs wrote:
would be extremely rare if a company like TRR that is doing 100 homes a year or so would have any direct pipeline to any bank save the odd one… When they say bank they probably mean short sales,, and the for profit auctions.-

   Why Jay ? Is it hard to get properties dealing straight with the bank. I know that the big w…[Read more]