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re: Houses for auction in Detroit
Posted on 6/12/15 at 2:57 pm to GenesChin
Posted on 6/12/15 at 2:57 pm to GenesChin
Never forget that the Silverdome was sold for around $600K. Things can always be cheaper than you think. That said, the Quicken Loans guy is evidently buying up half the city. Probably at least 50/50 that 25 years from now he will be hailed as a genius and everyone will be talking about how "obvious" it was.
Distressed investing often doesn't feel great when the distress is high.
Distressed investing often doesn't feel great when the distress is high.
1
Posted on 6/12/15 at 10:39 pm to Big Scrub TX
This is similar to what I am beginning to do. An alumni of my fraternity has done well buying and renting houses in less than desirable neighborhoods. He makes even more money financing them to people who want to buy the houses.
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