All Forum Posts by: Richard Dunlop
Richard Dunlop has started 7 posts and replied 715 times.
Post: Has anyone tried this?

- Investor
- Detroit, MI
- Posts 755
- Votes 462
Originally posted by @Aaron McGinnis:
What's that? A homeless guy wants to live in a house and work on the house at the same time?
Just make sure you sign him up for FOOD STAMPS first so you don't have to lend him money for food!!
Post: Detroit Current Events

- Investor
- Detroit, MI
- Posts 755
- Votes 462
Originally posted by @Account Closed:
You guys that trash me about talking about Detroit, if it's so darn good, why aren't you living there? Lot's of beautiful houses there. I don't see you knocking down the doors to move there. And their cheap too?
Just sayin!
Nancy Neville
I live in Detroit!
My main complaint is that Detroit is coming back way too fast!
Post: Detroit Current Events

- Investor
- Detroit, MI
- Posts 755
- Votes 462
Originally posted by @Joshua Woolls:
Originally posted by @John Neville:
"
...
Nancy and her husband quit landlording in the city six years ago. Six long years ago and they spent the worst thirty years of the cities history riding the big wave down. I can understand why they are bitter. But using outdated experiences backed up with news taken out of context doesn't do anyone any good.
...I am not throwing out blanket defenses of the city and it irritates me when I see people throw out blanket condemnation of the city.
This is an excellent summary!
When I first came to Detroit I met lots of investors that had lost everything and recommended against Detroit. But I would always ask "Do you think if I buy for $2000 the same house that you got foreclosed on owing $80,000 that I can make a profit?
Originally posted by @Stephen Lovett:
Yeah... what are you looking to do? I thing Detroit is great for buying to rent in the right neighborhoods... just be careful because it's sometimes easy and tempting to buy too much house.
I love my "too much house"
Originally posted by @Account Closed:
are there any investors from Detroit who could give an ameture advice on how to start
Do you own your own personal residence now?
Post: Renting to a friend- help!

- Investor
- Detroit, MI
- Posts 755
- Votes 462
Agree on how it is to be handled in advance!
Eviction notice on first day your rent is missed or third day?
Post: New to BP... Active Investor in Detroit

- Investor
- Detroit, MI
- Posts 755
- Votes 462
Originally posted by @Account Closed:
Not to be the raging capitalist, but the more one discusses amazing deals, the faster they will disappear. Investors are very predictable that way.
No they just call us Liars
Post: $10k to invest, what to do?!

- Investor
- Detroit, MI
- Posts 755
- Votes 462
Buy 10 houses with your $10,000
Oh wait I'm in Detroit
Probably about like Pittsburg about 5-6 years ago
Post: New to BP... Active Investor in Detroit

- Investor
- Detroit, MI
- Posts 755
- Votes 462
Originally posted by @Stephen Lovett:
Thanks @Richard Dunlop.
Yes. My returns are incredibly good. Better than anything I've heard from other investors. They might even make your head spin.
Careful now this board likes to call Detroit people liars.
They are fretting over their inability to find properties within their 2% rule and don't think it even remotely possible to consider turning down properties that rent for 20% of the all inclusive price.
My deals also make my head spin so I know you are telling the truth.
Can you beat my ALL IN $806 purchase rented for $650 per month?
Post: New to BP... Active Investor in Detroit

- Investor
- Detroit, MI
- Posts 755
- Votes 462
Originally posted by @Stephen Lovett:
Greetings everyone! My name is Steve Lovett, and I'm a landlord in Metro-Detroit. I have 8 rentals and have rehab and management experience. I learned about BP initially when listening to Brandon's book on Audible. Then I discovered the podcasts on Stitcher. What an amazing wealth of information! So I HAD to join BP and look forward to interacting with everyone. I invest in a unique area with some amazing returns, and am looking to add some flips to my real estate portfolio this year. I look forward to interacting with the community on this site.
Detroit Why would anyone invest in Metro-Detroit!
Is it because of what you refer to as "amazing returns"