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Old 09-15-2009, 01:04 AM
 
Location: Hong Kong/Los Angeles, CA
36 posts, read 192,511 times
Reputation: 33

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I'm considering buying some high cap rate apartment buildings in Michigan and possibly other neighboring states.
The buildings I've been finding on loopnet with high returns are 99.9% of the time located in bad areas so to speak.
I'd love to talk to someone in this business. Are these buildings hard to manage? Are there good management companies in Detroit? Is the city difficult to deal with? Any other info would also be appreciated...
Thanks in advance!
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