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Old 05-26-2008, 07:55 PM
 
Location: Garden City, MI
695 posts, read 3,161,909 times
Reputation: 152

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Yeah that's the SW Detroit area.
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Old 05-27-2008, 12:19 AM
 
6,791 posts, read 7,315,856 times
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Originally Posted by novice1 View Post
these are investment properties which I want to buy and rent to provide retirement income. I am not looking to live there, but wanted to know if i SHOULD INVEST MY LIFE SAVINGS THERE. THANKS AGAIN.
I wouldn't risk my life savings on any real estate in Michigan. I'm probably one of the most positive people here about MI and Detroit, but it's quite risky. Who would be managing the properties? In the areas you are looking at, you would want to be careful about renters causing problems and not caring for your property. You probably won't be getting the gentrifying types there.
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