/biz/ - Business & Finance

>>9070186
only if it's less than 1/8th of your gainz and it will come with a management company in place so you never have to look at it or deal with shit

If you zoom into the McDonald's in the background, you'll find this item:

>>9070210
Nah it would be approximately 100%.

>>9070186
No.
Market will crash within the next year.
Buy a better place for cheaper then.

>>9070186
Do it OP, the real estate market in Detroit is just booming and has an excellent future ahead of it. You investment totally won't tank on you and cost you all of your money, no way.

we can't help you on that decision, but you can be wise and inform yourself
check property prices around to make sure you're not getting fucked
has there been pest problems, are the laundry machines fully insured etc

>>9070186
what's your reason for buying?

anticipated rent? if so, how much?

have you visited in person?

what level of DD have you done generally?

you should probably speak to some kind of adviser *other* than 4chan before going through with this.

>>9070186
You know what to do anon.
>buy it
>renovate a few units into a megaunit
>lord over the building with an iron fist
>try not to get killed

>>9070186
>buy it
>insure it
>bar the doors
>burn it to the ground

>>9070235
n o

Buy two 120k~ houses and rent them to whites or hard working mexicans. even still be prepared for the crashening to drop real estate prices through the floor. use the rest of your gainz to continue to invest. don't get too impatient for that passive income.

check over the foundation carefully after this quake

>>9070257

>>9070266
OMG Robert...

8 Tyrones are are late on their rent and their Jewish attorney is suing you for racial discrimination. What do you do?

Wtf is this , shameless season 7 ?

Do you want to flip your laundromat aswell?? get back to work at the dinner you dick head

>>9070186
The cars outside still have wheels.
No smashed windows in the image. No bars on the windows.
All aircon units look to be in place and not ripped out.

Doesn't look to bad. Get a building report, talk to a solicitor and check the financials.
Hire a management company to run it for you, don't do it yourself. You don't want to get shot.

>>9070266
That one autist making a face gets me every time

>>9070186
>close to commerce
>no bars on windows
>houses around don't look run down like most of detroit
doesn't look too bad op.

>>9070186
I'm a property developer. My advice is 1) be very suspicious of listings without any interior images. 2) if you rent to niggers you are going to have endless problems, trust me. Having said that, it's a nice price and in the right area it might be viable as short term let like Airbnb or student lets, much much less hastle.. niggers will tear through a property worst than adolescent monkeys on speed searching for hidden bananas. The things I have seen....

>>9071642
Bro fr niggers are the worst renters. Any niggers here? Why do you guys have to trash a place? Honest question.....you guys are fucking animals

Look who I found in front of the apartment on google maps. He's wearing a gold medallion. That means he's rich and will pay the rent on time right?

>>9071826
oh look a BMW and a Dodge Charger. Got some classy tenants up in here.

>>9071956
>A bicycle just sitting on the balcony, indicating he's not afraid of it being stolen.

>>9070186
>mfw anon buys the apartment complex, kicks all the niggers out and turns it into /biz/ HQ

>>9071826
That means he has something to pawn when you send Big Larry to collect.

why would you even BUY it? put the money down for a morgage / loan and let the friendly tenannts pay it off

>>9072340
This, never BUY real estate.

>>9070210
What this guys said. Unless you have a company to run this, dont do it. Too much hassle.

Just take that money and put it into EOS/BCH and you will make so much more than you ever dreamt of from this.

Why do you even want to buy this crap?