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/biz/ - Business & Finance

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15016059 No.15016059 [Reply] [Original]

Holy shit /biz/, should we start buying these nigger sheds? We could even start a /biz/ settlement there and profit off the local events

>> No.15016100

>>15016059
>They all have massive tax amounts on them that you will have to pay in addition to the auction
>Taxes in detroit can also be pretty insane

>> No.15016105

the catch is you are buying a fucking house in detroit

>> No.15016107

>>15016059
Michigan fren here. Group buy all the lots. Pay homeless to burn them all down. Sit on the land for a decade... Profit?

>> No.15016120

>>15016107
Can't even drink the water there anon

>> No.15016183

If you see a thread that has the N word written anywhere in the post, ignore and move on. The only reason this racist word is being spammed to death is due to the fact KKK incels are trying to act edgy by using the word. If you knew how much this word affects African Americans, you'd come to realize it's the most despicable word in the English language. It should be outlawed and if spoken the person should be arrested and convicted with no possibility of parole. Then I think we'd see nobody speak of it ever again.

>> No.15016196

>>15016183
fucking nigger faggot ^

>> No.15016197

>>15016183
Weak bait, trying way too hard

also nigger

>> No.15016207
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15016207

>>15016183
shut up nigger

>> No.15016209
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15016209

>buying condemned trap houses in the ghetto
Go for it

>> No.15016235

>>15016183
https://www.youtube.com/watch?v=TMZi25Pq3T8

>> No.15016271

Have fun getting robbed and shot everyday by nignogs

>> No.15016305
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15016305

>>15016183
>N word

He's literally nigger bait.

>> No.15016332

>>15016183
Kek

>> No.15016333

The back taxes and property taxes are why no one wants to even buy and hold them.

Some of those houses have 50k in back taxes. The house has no value and must be dozed. None of them are worth restoring. Even if you do but then cheap, you're still in Detroit and they have negative property values

>> No.15016343

>>15016107
You're going to be waiting a lot longer than a decade for Detroit land to be desirable.

>> No.15016351
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15016351

>>15016059
>buy broken down house in detroit
>put old computer in it and barely anything else, invest 3k total into the place
>take out insurance
>report 50k BTC on hardrive in house
>go on vacation
>"OH NO I GOT ROBBED"
>insurance pays out 50k
would this work anons?

>> No.15016383

>>15016183
Are you the niggest?

>> No.15016437

>>15016120
>Flint
Nah waters fine

>> No.15016440
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15016440

>>15016183
>If you knew how much this word affects African Americans
Top Kek

>> No.15016448

>>15016059
I read about this and they will only sell the houses under the stipulations that you live there and restore it, as well as pay all the back taxes on it. Not plausible unless you like death.

>> No.15016467

>>15016343
Depends on the neighborhood. Hipsters are moving in and restoring lots of downtown.

>> No.15016541
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15016541

>>15016059
need to buy strategically grouped properties, and proceed on Pic Related basis, expanding as the wastelands are slowly cleared

>> No.15016555
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15016555

>>15016183

>> No.15016615

>>15016351
Itd work once

>> No.15016637

>>15016209
>your grandfather who left detroit after the 68 race riots tells you the address of the home he grew up in
>you type it in on google maps
>see these two nogs on your grandfathers old front porch in what used to be a white neighborhood
>mfw

>> No.15016687

>>15016183
Weak bait.

>> No.15016712

>>15016448
That's why I said burn them down. Force Majure clause in contact with city. Clean lot worth more than lot with crack den on it.

>> No.15016731

>>15016687
>weak bait
>still got 10 replies

>> No.15016743

>>15016197
>weak bait
>replies
>10 other replies
doesn't seem that weak

>> No.15016752

>>15016059
wed need lots of anons willing to put up real money but we could all low ball all these detroit auctions, have the lots cleaned up and then with some paperwork resell the lots as business or industrial realestate, maybe with some rezoning (depending on whos hands needs the grease this isnt that hard )
Only with combined power of maybe around 100 million we might be able to get a bunch of property next to each other

>> No.15016767

>>15016059
if i buy houses there can i rent it out without ever physically stepping foot over there?

>> No.15016818

>>15016752
>properties $1k each
>Only with combined power of maybe around 100 million can you get two plots next to each other
u mad bro ? afai can see, you need less capital, more bodies/names to sign up and buy a bunch with. And if you are buying bulk, can afford the odd turkey, reno in bulk also cheaper.
>>15016767
fuck no, who tf are you going to rent to (and for how much) in an area where you can buy for $1k anyway ? (way..) longer term, maybe, but you still liable for property tax n sheeit meantime. Theres no fucking jobs etc. - why you think the original owners/tenants fled in the first place ?