Brentok3's comments

  Brentok3   ignore (0)   2013 Jan 12, 1:40am   ↑ like (2)   ↓ dislike (0)   quote        

If someone is interested in investing in rental property in a large city like Detroit, you should check out the demographic data at .
Median family income is very low in Detroit, the unemployment rate is very high, and the crime rate is very high. If you plan on going all section 8, maybe things might work out, who knows, but that isn't for everybody.
A better bet might be a city like Indianapolis, which has housing that isn't as cheap but still very affordable, and much, much better demographics. Keep in mind that inner city landlording involves evictions (for non-payment, drug dealing, damages, moving in relatives, etc), repairs due to age of properties (old plumbing and other systems), typically higher crime, etc. You can make a lot of money in inner-city landlording or die trying, it takes a will of iron to overcome some of the problems you can be faced with. To top it off, you can be assaulted by people you show properties to, acquaintances of your tenants, etc. I speak from several decades of experience.

The Housing Trap
You're being set up to spend your life paying off a debt you don't need to take on, for a house that costs far more than it should. The conspirators are all around you, smiling to lure you in, carefully choosing their words and watching your reactions as they push your buttons, anxiously waiting for the moment when you sign the papers that will trap you and guarantee their payoff. Don't be just another victim of the housing market. Use this book to defend your freedom and defeat their schemes. You can win the game, but first you have to learn how to play it.
115 pages, $12.50

Kindle version available

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