Investing in Eastpointe, MI

[Account Closed]

Hello,

It has been my dream/goal to someday invest in East Detroit area.  Grosse Pointe area, East Pointe, etc.   I know the area has seen better days, but would it be wise to buy a house say at about 60K, that would be paid in cash, with about 2,100 in taxes?  When I do the numbers, it gets a good cash flow at about $800 rent. (Might need a bit of work)

[Greg Scott]

Estelle:

There is a WORLD of difference between East Pointe and Grosse Pointe

I would happily live in one and you could not pay me to own a rent property in the other.

Be careful.