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Old Posted Aug 13, 2019, 5:40 PM
lio45 lio45 is online now
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Quote:
Originally Posted by eschaton View Post
Yeah, the OP is trolling for sure.
The original post has been written in a more teasing way than strictly needed, that's obvious, but it doesn't mean an interesting discussion can't be had.


Quote:
That said, broadly speaking there are going to be good real estate investment choices in almost every core city of a large metropolitan area if you know where to look. Even within what would be the bottom third of the market.

In general though I think being an "absentee investor" - buying property for speculation, flipping, or to rent out - outside of your home metropolitan area is a bad idea if you're an amateur with limited financial resources. You lack the level of market knowledge a local would have, and have to hire third parties to do virtually everything for you - cutting down on any return you might see.
Many of us so far have agreed with this. Instead of "Detroit", choose the area of your home metro that you believe is the most undervalued at the moment compared to its potential.
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