loopnet.com
I can buy this 18 unit apartment building with my crypto gains for $645,000. It says it's 100% occupied (with upstanding African American citizens I'm sure). The description says it's well-maintained and running like clock work. Should I buy it guys?
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:
Nah it would be approximately 100%.
No.
Market will crash within the next year.
Buy a better place for cheaper then.
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
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 Jow Forums before going through with this.
You know what to do user.
>buy it
>renovate a few units into a megaunit
>lord over the building with an iron fist
>try not to get killed
>buy it
>insure it
>bar the doors
>burn it to the ground
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
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
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.
That one autist making a face gets me every time
>close to commerce
>no bars on windows
>houses around don't look run down like most of detroit
doesn't look too bad op.
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....
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?
oh look a BMW and a Dodge Charger. Got some classy tenants up in here.
>A bicycle just sitting on the balcony, indicating he's not afraid of it being stolen.
>mfw user buys the apartment complex, kicks all the niggers out and turns it into Jow Forums HQ
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
This, never BUY real estate.
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?