All Forum Posts by: Richard Dunlop

@James Wise

Originally posted by @Richard Dunlop:

Originally posted by @CK Hwang:

I would say yes, but the bigger question is at what risk? what is your tolerance for risk? As I tell my clients who eye the 15-25% returns in markets like Detroit and upstate NY, it's not whether the returns are there... the question really is whether the risks are worth it to them.

We don't work that cheap!

Rented for $600 0% Vacancy.

4 year tenant was in it when I bought it.

@James Wise said:

"Gotta call you out on this one Rich. What is the point of the post? Working up to a sales pitch or something? You know, I know.....Everybody knows that something like this is not going to be replicated on any sort of scale.

I assume this is some one off you bought at the very bottom of the market and you will admit that results are not typical.

There is not some magic neighborhood in Detroit where there are amazing $600 tenants happily living in $1,200 houses that we can just assume will never have vacancy."

To avoid hijacking the thread that these questions were asked in I'll answer them here since the original thread had nothing to do with Detroit

 We don't work that cheap!

Rented for $600 0% Vacancy.

 4 year tenant was in it when I bought it.

 @Jeff Rabinowitz: comes in a close second place.

YOU GOT ME TO LOOK AT YOUR AD By YOUR KEY WORDS THAT HAD NOTHING TO DO WITH YOUR AD.

DO YOU THINK THAT IS BETTER THAN SPAM IN SOME WAY?

DO YOU THINK YOU GAIN ANYTHING BY PUTTING ALL THESE KEY WORDS IN THAT HAVE NOTHING TO DO WITH YOUR AD???

WHY ALL THE STUPID FLAGS THAT HAVE NOTHING TO DO WITH YOUR AD????

If you pull your own credit multiple times it can bump off the hard inquiries from 

Equifax and Transunion but not Experian

Detroit is great but I don't recommend buying as a Turn Key type of purchase.

Here's my answers to some of the questions you may have about DETROIT

I didn't forget about the nuclear bomb tests your neighbors have done or the nuclear waste dump they keep trying to build, that is why I prefer my neighbors.

 20% of the world's fresh water.  

Hey California we have way more than we need, come get some