Flint MI RealEstate Investments ?

14 comments

• MackTruck

  •

  7 years ago

  Your so full of shit. But I believe in you. Do this thang mother fucker
• Uprightcitizen

  •

  7 years ago

  Flint eh? Well there is a reason why you get soo much "value". Good luck all in!
• jackslash

  •

  7 years ago

  Flint. Don't drink the water and don't breathe the air.
  
  https://www.youtube.com/watch?v=nTpsMyNe…
• JuiceBox69

  •

  7 years ago

  I saw that Netflix special on Flint MI and the cop's...was a fun show to watch but damn that place is upsides down
  
  Well maybe not Flint but other areas that have hope but the current market is cheap...any tips from any old pros ...it would seam like theirs a rich sugar daddy on this site that made his money like this right ?
• MackTruck

  •

  7 years ago

  Get a good property manager there before you lose yo dam mind
• JuiceBox69

  •

  7 years ago

  Amen to that
• jackslash

  •

  7 years ago

  Detroit has a lot of cheap real estate. Detroit is better than Flint (no lie).
• 4got2wipe

  •

  7 years ago

  juicebox69 becomes Flint landlord = brilliant idea!
• 4got2wipe

  •

  7 years ago

  Maybe juicebox69 should go international and look into property in Yemen. I hear that a dollar goes a long way in Yemen right now!
• Call.Me.Ishmael

  •

  7 years ago

  You'll find even better deals in Centralia, Pennsylvania.
  
  Google it.
• 4got2wipe

  •

  7 years ago

  When somebody says "Google it" I always wonder whether it is going to be a "Santorum" kind of thing.
  
  But it isn't in this case. So it's an aces idea! I still say juicebox69 should become a Yemeni landlord, but Centralia is definitely better than Flint!
• shailynn

  •

  7 years ago

  Sadly there any many towns like this across the Midwest. There’s a reason real estate is cheap because nobody has any money there, and there are no jobs to support the economy. You can’t rent a place is nobody can afford to pay the rent.
  
  
• Mate27

  •

  7 years ago

  After playing the real estate market for 20 years, and simultaneously playing the stock market for 20 years, there’s no way in my right mind I would choose real estate. I think the guys like Kyosaki (Rich dad/ poor dad) are nothing but someone selling you a bill of goods. In theory it sounds appealing, but the reality of it is that there’s just too much hassle and too much risk.
  
  First of all, as an asset class stocks outperform real estate by a wide margin, and don’t even get into the steady income BS, because my stocks can do the same thing. Secondly, there’s the maintenance, property taxes, income taxes your obligated to pay. Finally, renters are your tenants for a reason, they are typically less responsible than the owners, and they behave that way. You’re looking at a lifetime of headaches, and unless you’re a whiz of a mechanic and handyman and enjoy working on houses, your rental property will be a continual pain in the ass for as long as you own it.
  
  My stock portfolio if I do t like it takes me just a few minutes online to dump my holdings without hearing anyone bitch and complain about it. My stock holdings have tripled in the past 10 years. Nothing beats it for performance or simplicity.
• Mate27

  •

  7 years ago

  OP never said anything about leveraging, which is why many people think real estate can make you rich. Keep in mind if you leverage m, the downside is even steeper than the upside.