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Updated over 11 years ago on . Most recent reply

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Annette Hibbler
  • Real Estate Consultant
  • Brighton, MI
251
Votes |
607
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New Video: Detroit Area Neighborhoods Worth Investing In

Annette Hibbler
  • Real Estate Consultant
  • Brighton, MI
Posted

Watch my video of Detroit area neighborhoods where we invest. Far cry from the "war zone" stereotype put out there. Interested in investing in this area? Net returns up to 23%. Contact for more details. Video Link

Just in case the link doesn't work here's the URL: https://www.facebook.com/photo.php?v=588579954532985&set=vb.181312018697161&type=2&theater

Most Popular Reply

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Lisa Phillips
  • Real Estate Investor
  • Arlington, VA
277
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300
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Lisa Phillips
  • Real Estate Investor
  • Arlington, VA
Replied

@Account Closed I look at politics closely, as I have learned after thousands invested that they do have an effect on your stress levels, and since of threat, to your real estate investment.

If you have your choice of anywhere to go, I would ABSOLUTELY avoid any city in Bankruptcy or projected budget shortfalls in the next 15 years. The thing is, property owners are the first set of "sitting ducks" that city officials hit to raise revenues. They know you're not going to move, you're just going to take it, and its only a few percentage points a year in property tax increases. Add on top of what Nancy says, those are the same cities that have Code Enforcement and Fines for everything not being perfect, and you realize quickly its to generate revenue, not really keep the area clean (I invest in Baltimore, similar with the same politics as Detroit, as well as 40 years of declining industry). I especially feel you Nancy when you have to call any government services, I have a feeling they are as brain dead and uneducated, thus worthless and unhelpful, in Detroit as they seem to be in Baltimore.

Not trying to jump all over your original post either, @Annette Hibbler , but I would chime in on any city that has bankruptcy hidden all over it. San Bernadino, Stockton, Harrison, PA, And people are looking at the budget shortfalls of many other cities as well. It is something some people don't always see the end game on, and a city in trouble means a city out to get as much money out of the taxpayers as they can, from speeding tickets to code violations to property taxes. Real Estate is hard enough without fines and the threat of a lein against your property against an arguably corrupt municipality that doesnt understand how to manage their own paychecks. As I learned in Baltimore, there are very valid reasons such beautiful homes are so inexpensive. However, I will tell anyone to invest outside of the cities shenanigans, which is usually only a 20 minute drive to get to another suburb with another, more stable economy, is a very easy move to make while still investing in the area. Dearborn has some steals last time I checked, do you invest in those areas?

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