August 5, 2009

Detroit USA – a good investment now?

Well we have recently been offered properties around the $8,000 mark in Detroit USA – so do you think that’s a good buy?

Well I guess if there was some sort of demand it would be as that’s seriously cheap!

My personal feeling is that without living in the US or going over and spending thousands in upkeep and travel costs it would be money badly spent. (I live in the UK most of the year).

You should invest in an upcoming area, a great location and somewhere where there is demand!

Remember location, location, location! AND demand, demand, demand!

They kinda go hand in hand but you get my point…

What do you think?

Nick

Posted by nick @ 6:54 pm | Filed in Property Investment General | Comment now >> |

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