A buddy and I have been looking to throw around some money and maybe put it into some property. We've seen that some of the homes in Detroit are selling for as low as 10 grand a piece, and were thinking of fixing them up. Two quick questions that are somewhat related:
• What type of small businesses does Detroit need?
• Where are some good places to look at for fixer-uppers in Detroit?
Thanks again, folks. I appreciate any help!
I'm not looking to be a slumlord or get rich, or whatever you're implying. Why are so many of you hostile to someone asking about possibly purchasing a home which is broken down, repairing it, and maybe renting it out/moving into it? Is money not wanted in Detroit? Is purchasing a home from a local real estate agency and repairing it with products bought in Detroit from Detroit-based sellers some terrible sin against your city?
You're no different from all the other faux remote investors looking to make a buck under the guise of "doing good" savior bullshit. Most of you are all talk anyway. Look, on the remote chance you're serious let me save you some time: you're not wealthy enough to make any real money here without being here and you certainly don't care about anyone or anything here because you're not here. Go flip property somewhere else.
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