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Updated over 8 years ago on . Most recent reply

Isiah Ferguson's profile image
Isiah Ferguson's profile image
Isiah Ferguson
  • Investor
  • from Charlotte, NC
  • Member since Feb 8, 2017

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Isiah Ferguson's profile image
Isiah Ferguson's profile image
Isiah Ferguson
  • Investor
  • from Charlotte, NC
  • Member since Feb 8, 2017
Isiah Ferguson
  • Investor
  • Charlotte, NC
157
Votes |
321
Posts
Buying & Selling Real Estate

Detroit market really ?

Isiah Ferguson
  • Investor
  • Charlotte, NC
Posted

Why is Detroit, MI market so low right now ? I've seen multiple properties as low as 1k. Would it go back up sooner and is a good time to buy and hold there ? Newbie questions, am I missing something here ?

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Jon W.'s profile image
Jon W.'s profile image
Jon W.
  • Flip and Buy/Hold Investor
  • from Rochester Hills, MI
  • Member since Feb 4, 2013

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Jon W.'s profile image
Jon W.'s profile image
Jon W.
  • Flip and Buy/Hold Investor
  • from Rochester Hills, MI
  • Member since Feb 4, 2013
Jon W.
  • Flip and Buy/Hold Investor
  • Rochester Hills, MI
105
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245
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Jon W.
  • Flip and Buy/Hold Investor
  • Rochester Hills, MI
Replied

Any properties for sale for $1k are probably worth that. They are in horrible areas of blight where no one wants to live and will be that last to be redeveloped. There are great areas of Detroit. 

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