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Old 03-02-2013, 01:06 AM
 
6 posts, read 13,441 times
Reputation: 15

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Give me your list...
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Old 03-02-2013, 06:17 AM
 
Location: Grosse Ile Michigan
30,349 posts, read 75,425,660 times
Reputation: 38590
You can invest in a zip code? I want to buy 50% of 48167
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Old 03-02-2013, 09:17 AM
Status: "Let's Get Biden To Quit Immediately, America. Amen." (set 22 days ago)
 
Location: North of Canada, but not the Arctic
18,650 posts, read 16,669,458 times
Reputation: 22498
Thank you for giving us a lot of information to work with.

Please don't tell us that you've never been to Detroit, but saw a "Great Investment Opportunity" advertisement on the internet.
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Old 03-02-2013, 12:57 PM
 
Location: Grosse Ile Michigan
30,349 posts, read 75,425,660 times
Reputation: 38590
If you mean where to invest in a home or commercial property, I suggest you invest in one of the zip codes that begins with a 4.
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Old 03-02-2013, 03:37 PM
 
Location: On the brink of WWIII
21,090 posts, read 27,708,679 times
Reputation: 7812
48180
48127
48126
48195
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Old 03-02-2013, 04:05 PM
 
Location: SE Michigan
6,191 posts, read 17,515,122 times
Reputation: 10346
Quote:
Originally Posted by Retroit View Post
Thank you for giving us a lot of information to work with.

Please don't tell us that you've never been to Detroit, but saw a "Great Investment Opportunity" advertisement on the internet.
Right. Same thing is happening in Flint, to a lesser degree. People buying properties at tax foreclosure sales, or on eBay, without realising how truly decrepit they were, or how bad the neighborhood was.
In fact a couple of years ago when I was looking for another cheap house, I followed up on a craigslist ad and looked at a house owned by someone in Texas who had bought it online. He came and looked it over after he bought it, then tried to rent it but couldn't and there it sat for about a year before he put it back on the market.

He had no idea that in the year, all the windows had been smashed out, it was stripped of every shred of metal for scrap, someone had dumped a load of tires and trash inside it and it was full of raccoon droppings. Completely uninhabitable and not worth fixing up. Poor guy lost a bunch of money.

Sorry, OP, that wasn't a very helpful answer and I'm not familiar enough about Detroit to even attempt to advise. You didn't give people here much to go on, though.

Are houses anywhere a good investment these days?
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Old 03-02-2013, 07:20 PM
 
Location: On the brink of WWIII
21,090 posts, read 27,708,679 times
Reputation: 7812
48203
48212
48224
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Old 03-03-2013, 07:00 AM
 
Location: north of Windsor, ON
1,901 posts, read 5,619,594 times
Reputation: 654
Naah. Skip the city of Detroit unless you're hands-on. Too much theft of building materials, copper, etc. Happens in the suburbs but the police are more likely to come when called in the burbs. No guarantees, though. If you're looking to be a landlord, try:
48030
48043
48021
48066
48225
48230 (look for multi-family)
48237
48336
48150
48152
48154
48089
48091
48015
48035
48048
48220
48239
48240
48076
48101
48122
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Old 03-03-2013, 06:53 PM
 
406 posts, read 731,321 times
Reputation: 287
Quote:
Originally Posted by us66 View Post
Naah. Skip the city of Detroit unless you're hands-on. Too much theft of building materials, copper, etc. Happens in the suburbs but the police are more likely to come when called in the burbs. No guarantees, though. If you're looking to be a landlord, try:
48030
48043
48021
48066
48225
48230 (look for multi-family)
48237
48336
48150
48152
48154
48089
48091
48015
48035
48048
48220
48239
48240
48076
48101
48122
ha! not even
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Old 03-03-2013, 07:44 PM
 
Location: Windsor, Ontario, Canada
11,260 posts, read 15,570,938 times
Reputation: 13522
Quote:
Originally Posted by detroit's own View Post
ha! not even
Pay no mind, detroit's own. Guy won't even put the name Detroit in his location, but we all know where he's from. lol
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