Millionaire buys whole town

by | Aug 14, 2012 | Housing News | 2 comments

A millionaire investor wanna-be went to an auction in Detroit and bought EVERY PROPERTY. -No inspection, no comps, no comps, no due-diligence.

This is an emerging trend. If you are a newbee and trying to compete with this, you are fighting an uphill battle. You have to get educated about other ways to make money, and there are a lot of them. Don’t lose hope. Many people make money in real estate without ever talking to a bank or a realtor.

Click Here read the article.

2 Comments

  1. James S.
    James S. on August 14, 2012 at 9:38 pm

    This millionaire must have known something about this town that
    other investors didn’t know about.One thing you didn’t mention
    was,how much did he pay? I’m curious.
    James S.

    • Phyllis Rockower
      Phyllis Rockower on August 25, 2012 at 6:23 pm

      Whatever he paid, it was probably too much. Too many amateurs with more money than brains are getting in.