All Forum Posts by: Richard Dunlop

Ignore the Ad

 Detroit is an excellent market. Higher cash flow than anywhere AND higher appreciation, i just don't recommend Turn Key type of investing as there is a big disparity in prices.

I'm buying properties for $2000 that on the same block the Turn Keys are trying to sell for $45,000.

One of my favorite plays is buying after TK investors give up.  I have an Out of the Country investor offering me four properties now.

Detroit is a different market, partner with a local instead of buying properties that you paid a premium of $30,000.

I think that actually is the better way to go in all the Turn Key markets.

When I'm buying for 5 cents on the dollar and bragging about the appreciation, is your result going to be the same if you're buying for $1.20 or $1.30 on the dollar?

If you go into a restaurant and order a $12 meal and don't pay it's a crime and you'll probably arrested before you leave the parking lot.

I could teach you in 10 minutes information that cost me $10,000 to get.

I'm pretty sure @Brian Gibbons could as well, but you are going to have to work the information he provides. 

 I agree and that is the point I have been making.

I tell people it's not going to fall off the edge of the earth, It's already fallen off.

When I started buying up here it had bottomed out and had to go up.

Actually Michigan is much smaller than Nevada

with more than three times the population

Actually Michigan is not number 1

Top States People Left in 2015

1. New Jersey
2. New York
3. Illinois
4. Connecticut
5. Ohio
6. Kansas
7. Massachusetts
8. West Virginia
9. Mississippi
10. Maryland

Not even in the top 10

Here is the source

Where does Michigan fall on the list of States most moved from?

Got to be number one we all see the national news reports.

Not many surprises on that list except Idaho but I guess maybe it's a natural extension of migrating inland from the expensive coastal areas of Washington & Oregon.

Let's start with:

The Top 10 States Americans Are Moving To...

Top States People Moved to in 2015

1. Oregon
2. South Carolina
3. Vermont
4. Idaho
5. North Carolina
6. Florida
7. Nevada
8. District of Columbia
9. Texas
10. Washington 

 I hope my sarcasm showed through.

Western Union can deliver money to my wife in about

2 minutes when she is 12,000 miles away, why can't 

Chase put money in my account in less than a week.

If you specify a date they ignore it! 

They process it when the tenant approves it.

So if I send a request for the date we agreed and the 

tenant approves it two days earlier than the date I specified

the tenant ends up with an overdraft!

Actually probably 1910 is more closely describes their technology.