21 min listen
$1000 Homes in Detroit
$1000 Homes in Detroit
ratings:
Length:
25 minutes
Released:
Aug 2, 2019
Format:
Podcast episode
Description
There's been a lot of headline news about Detroit, specifically that you can buy a home there for $1,000. The Detroit Land Bank Authority is trying to put run-down and vacant properties to productive use. As such, it is now auctioning off thousands of publicly owned properties through its public platform Auction— and the bidding starts at $1,000. To put that price into context, as of June 2019, the median home price in the Detroit metro area is $163,100. And as of April 2019, the city's median household income is $30,344. So is this a good idea? I thought it would be a good idea to bring in our Detroit full service property provider /property manager to tell us what's going on. www.RealWealthShow.com
Released:
Aug 2, 2019
Format:
Podcast episode
Titles in the series (100)
Multi-Family Market Update - To Buy or to Sell?: Thousands of investors are flocking to multifamily investments in search of high cash flow and high profits from increased rents. While some investors are net-sellers, putting all their holdings on the market for sale at top dollar. Is it a buyer's... by Real Wealth Show: Real Estate Investing Podcast