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Thread: buying property in Detroit.???????

  1. #1
    Imix Bad Man Mayak is offline
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    buying property in Detroit.???????

    this guy gotta really nice youtube channel.. seem like a lot of foreigners are buying up homes and renting them out there..the youtube guy is a landlord himself and property manager for some foreign owners


    alot of them houses like 10k an under..lolol, shit crazy men.



    i might buy couple homes out there.



  2. #2
    JA Soca Ambassador socapineman is offline
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    Quote Originally Posted by King-NicK View Post
    this guy gotta really nice youtube channel.. seem like a lot of foreigners are buying up homes and renting them out there..the youtube guy is a landlord himself and property manager for some foreign owners


    alot of them houses like 10k an under..lolol, shit crazy men.



    i might buy couple homes out there.


    Well, excellent idea....it will come back.


    But you can do it closer to home...Philadelphia, same situation in west Philly and a small part of North Philly....the city is giving them away, the guy with the vision in the long term will win big.


    My suggestion, things so bad there, i don't think renting is the way to go, either just buy one and sit on it or buy a vacant lot (3k).



    The downside is worth the risk...but i think Philly will pop first...real city close to NYC.
    if you have time on your side, 10 years from now you can ( Big can) be sitting pretty, when someone want to buy you out.

  3. #3
    Registered User Inquistive is offline
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    Who the hell will move to Detroit?
    ladyrastafari likes this.

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    JA Soca Ambassador socapineman is offline
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    Like I stated...Philly is the real play....I am sitting in a few waiting for the whites to move in and take me out of the Ghetto.



    Look at all the money ppl wasting in NYC...renting...smh, this is a win win situation, trust me.

    2331 N 20TH ST, PHILADELPHIA, PA 19132

    $11,880
    1971 sq ft
    0.02 Acreage






    2538 W DAKOTA ST, PHILADELPHIA, PA 19132

    $17,000
    2 Beds
    1 Baths
    784 sq ft
    0.01 Acreage




  5. #5
    Searching For Answers Hello BKLYN is offline
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    hmm an empty lot is 3k you say.. how big?
    the healthy man does not torture others - generally it is the tortured who turn into torturers.

    Carl G. Jung

  6. #6
    Imix Bad Man Mayak is offline
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    Quote Originally Posted by socapineman View Post
    Like I stated...Philly is the real play....I am sitting in a few waiting for the whites to move in and take me out of the Ghetto.



    Look at all the money ppl wasting in NYC...renting...smh, this is a win win situation, trust me.

    2331 N 20TH ST, PHILADELPHIA, PA 19132

    $11,880
    1971 sq ft
    0.02 Acreage






    2538 W DAKOTA ST, PHILADELPHIA, PA 19132

    $17,000
    2 Beds
    1 Baths
    784 sq ft
    0.01 Acreage




    11k 17k. is to much , compared to the deals in Detroit.

    how much rent per month u think u can get out the philly cribs.? ima search around youtube to see if philly got any cribs for 8k an under.



    check out the guy youtube that i posted tho... i got some real nice videos. of some of the homes he supervising

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    JA Soca Ambassador socapineman is offline
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    Quote Originally Posted by Hello BKLYN View Post
    hmm an empty lot is 3k you say.. how big?
    Had the link., was looking at these two years ago..but i guess you can go to any real estate site and look up vacant lots...I am sure that the City have a lot of those properties now, a lot of ppl left, walked away ....pay the taxes you are good, i didnt do it because it was too far, i was going to drop 8k on a corner lot( 1/2 acre) ,there, but i had to fence it in due to the location, so i stuck with the evil ( ghetto) that i know...west & north Philly, close for me.

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    Imix Bad Man Mayak is offline
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    Quote Originally Posted by optimizm View Post
    Who the hell will move to Detroit?
    check out this video




  9. #9
    JA Soca Ambassador socapineman is offline
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    Quote Originally Posted by King-NicK View Post
    11k 17k. is to much , compared to the deals in Detroit.

    how much rent per month u think u can get out the philly cribs.? ima search around youtube to see if philly got any cribs for 8k an under.



    check out the guy youtube that i posted tho... i got some real nice videos. of some of the homes he supervising
    SMH...that is just an example, The City of Philly is selling similar types anywhere from 1k to 30k...anyway, do your thing.

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    Norman SWAGGERIFIC is offline
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    OPTI, its time to snap out of your juvenille thinking, its not about only livin in these places, its about making a potential long term investment.

    I personally wont invest in any of these afformentioned properties in Philly, cuz I have no intention of going there to take care of it and it seems like a drug neighbourhood, but there are some good picks in places like the Poconos and others.

    but Socapine is spot on, smart people are buying and dumb people are locked into NYC renting forever
    GREATNESS IS ALL I KNOW

  11. #11
    Searching For Answers Hello BKLYN is offline
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    Quote Originally Posted by SWAGGERIFIC View Post
    OPTI, its time to snap out of your juvenille thinking, its not about only livin in these places, its about making a potential long term investment.

    I personally wont invest in any of these afformentioned properties in Philly, cuz I have no intention of going there to take care of it and it seems like a drug neighbourhood, but there are some good picks in places like the Poconos and others.

    but Socapine is spot on, smart people are buying and dumb people are locked into NYC renting forever
    not to mention these places are not going to stay ghetto/drug neighborhoods much longer... look at the trend around the country.. first you gonna see a starbucks move in and then boom, the yuppies will take over...
    the healthy man does not torture others - generally it is the tortured who turn into torturers.

    Carl G. Jung

  12. #12
    Norman SWAGGERIFIC is offline
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    Quote Originally Posted by Hello BKLYN View Post
    not to mention these places are not going to stay ghetto/drug neighborhoods much longer... look at the trend around the country.. first you gonna see a starbucks move in and then boom, the yuppies will take over...
    yeah its not gonna stay ghetto, but I just scared to go now to fix it up or anything like that.

    I just locked in and bought a piece of land, I feel great, want to buy a cheap house soon, maybe a foreclosed one
    GREATNESS IS ALL I KNOW

  13. #13
    readin btwn da lines Farinborn's Avatar Farinborn is offline
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    Im really looking at B.more. I really like how them houses look down there. Multiple houses going for the same price range.
    One tree makes a thousand match sticks, but one match stick can burn a thousand trees

    When you truly are conscious in the knowing of yourself, your divine nature which is God as your Soul, there is no fear whatsoever.

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    where de crix Oneshot's Avatar Oneshot is offline
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    Quote Originally Posted by SWAGGERIFIC View Post
    OPTI, its time to snap out of your juvenille thinking, its not about only livin in these places, its about making a potential long term investment.

    I personally wont invest in any of these afformentioned properties in Philly, cuz I have no intention of going there to take care of it and it seems like a drug neighbourhood, but there are some good picks in places like the Poconos and others.

    but Socapine is spot on, smart people are buying and dumb people are locked into NYC renting forever
    opti is more on point. at the end of it, the demand for rental/purchase of these properties are the only true value. else is just a gamble.

    unless someone can explain how demand is going to improve, you may just end up paying taxes for something that gives you no actual return.

    socapineman what is the unemployment rate in the neighbourhood you were researching?

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