Just copped 3 properties for less than a grand

[Family Man]

You could make money off them but it wouldn't be any time soon. As pointed out the problem is no one wants to buy in Detroit....at least right now. You'd be waiting for the turn around. Those homes are all complete teardowns but they are worth buying for just the lots and then doing a complete rebuild on the sites.

Now here's a thinking man. You'd buy this shyt for the lot and hold it long term.

 

[WheresWallace]

property tax, paying someone to get new pipes, fixtures, exterminators and a whole bunch of other shyt and plus the area the homes are in u will be in the negative.

But i wish u the best if u can make a profit off of it.

Nah, nobody is thinking about renovation immediately, we are talking about sitting on the property until the economy turns around and either somebody offers to buy the property from you at a marked up price or you can renovate and rent/sell once there is interest in Detroit again.

 

[beenz]

I'm sure the city of detroit would happily give away homes just in order to get the tax revenue alone.

 

[PrinceDeeDer]

yall broke nikkas still living at home need to jump on these great deals, homes as low as a $1..
http://www.zillow.com/homedetails/4700-Saint-Clair-St-Detroit-MI-48214/88410305_zpid/

feels good finally being a homeowner
gonna keep 1 and flip the others for some nice change

Its go cost you at least $100,000 to make them livable though....

 

[Family Man]

shyt, I could buy a couple of these for my son. By the time he's ready for college it might be worth something.

 

[Kalik]

 

[HarlemsOwn]

shyt a waste of money and time

its a reason that bytch is a dollar

you gonna end up losing money fukkin with that shyt

detroit will NEVER get better

 

[PRVLG Sound Studios]

yall broke nikkas still living at home need to jump on these great deals, homes as low as a $1..
http://www.zillow.com/homedetails/4700-Saint-Clair-St-Detroit-MI-48214/88410305_zpid/

feels good finally being a homeowner
gonna keep 1 and flip the others for some nice change

you actually copped or what?

 

[DrX]

its good in the long term esp if somebody buy the the land

 

[babylon1]

the economy turns around .

 

[BeeCityRoller]

Midwest property taxes
The surrounding properties/neighborhoods

 

[blackzeus]

property tax, paying someone to get new pipes, fixtures, exterminators and a whole bunch of other shyt and plus the area the homes are in u will be in the negative.

But i wish u the best if u can make a profit off of it.

The fixtures will get robbed with the quickness by type dudes. Better get you a rock solid Deebo type property manager who rides with the shotty and don't mind puttin' in work, otherwise even the f*ckin' wood for the stairs is gonna get jacked

 

[KAWS]

The fixtures will get robbed with the quickness by type dudes. Better get you a rock solid Deebo type property manager who rides with the shotty and don't mind puttin' in work, otherwise even the f*ckin' wood for the stairs is gonna get jacked

WILL get robbed? those have BEEN gone

Zillow predicts Detroit Metro home values will rise 4.3% next year.

@A Real Negga you're gonna make 4.3 cents next year when you sell

 

[blackzeus]

WILL get robbed? those have BEEN gone




@A Real Negga you're gonna make 4.3 cents next year when you sell

I meant again nikka

 

[Uncle Kingpin]

I've been buying dilapidated properties in Philly and Baltimore. The most important thing isnt the price, its the location. Specifically, you have to know in what direction the area is turning. Is every other house boarded up? Are there bus routes nearby? Is it on a well known drug strip? If you dont know the area I wouldnt even recommend a free house, because you are still stuck with property taxes. Not to mention, the city may fine you for owning a rundown house and force you to fix it.