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Non-Tech : Investing in Real Estate - Creative Opportunities
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From: E_K_S10/26/2014 8:30:39 PM
1 Recommendation

Recommended By
Jurgis Bekepuris

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A Mystery Bidder Offers $3 Million for 6,000 of Detroit's Worst Homes

It still will be hard to turn a profit. The cost of demolition, clean-up and property taxes will put the average cost much higher than the $500.00 per parcel.

Could the potential bidder already negotiated some type of credit from the City/State. I doubt from the City as they are BK but maybe something from the Feds.

EKS
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