Flip #2 in a series of 3 blogs: 35% return in 36 days
5849 Baker Street, Mexicantown Detroit ~ Sometimes you win because you’re in the right place, at the right time, and you move faster than the competition.
Flip #1 in a series of 3 blogs: 71% return in three months
5305 Cecil Street, Southwest Detroit ~ Lights flashed and sirens blared, as six police cruisers carrying 24 special ops police officers, followed by me in my hulking black Ford F-150, approached 5305 Cecil in Southwest Detroit.
It’s not cool to use the G-word. And yet, that may be what’s happening in Detroit.
When bidding at an auction, the most important thing is to not get emotional about your bids.
It’s business. Don’t let emotion cloud your judgment. And don’t get too attached to a property.
I might say that all of Detroit is an opportunity zone. At least I see it that way.
A recent city tour featured the vacant homes in the Jefferson Chalmers neighborhood, with stories of the people who once lived there and the neighborhood it used to be.
A lot of people want to get in on the real estate investing game, but are hesitant to do so because they don’t know what makes a good investment.
In this article featuring 15 North American cities where real estate investment is hot, I noticed a huge omission. Detroit didn’t make the list.
What any thriving city needs is young energy, young blood, young people walking its streets and inhabiting its rental properties.