Quote:
Originally Posted by jplinville
I'm seriously considering looking into purchasing more rental properties...some might even be in that city, if the prices are so low and still in decent shape.
And, yes...I'm still pouring into my 401k as well as other investments.
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Don't do it there. I know a Detroit landlord that is giving her properties back to the bank and selling the ones owned outright. Qualified tenants are extremely difficult to find.
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1977 300d 70k--sold 08
1985 300TD 185k+
1984 307d 126k--sold 8/03
1985 409d 65k--sold 06
1984 300SD 315k--daughter's car
1979 300SD 122k--sold 2/11
1999 Fuso FG Expedition Camper
1993 GMC Sierra 6.5 TD 4x4
1982 Bluebird Wanderlodge CAT 3208--Sold 2/13
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