Definitely, it will be. It has already reached the point where I could profit from selling it.
I figured Detroit would recover, at least somewhat. I was willing to invest in that.
The property is unimproved so the taxes aren't that bad. That's why I had them razed.
I really, really like owning property. I own an absurd amount of it because I like it so much. I own business properties as well. The farm, the blueberries, and even the land that the franchises are on are commercial properties that I own. Commercial property can be pretty lucrative.
I guess it boils down to, "I like my money to work for me."
I think people can get into it even on a small scale. Maybe buy a rundown house, rehab it and sell it, and then flip a few more houses - or turn them into rental properties so that each one pays the mortgage for the next house(es).
It just takes finance planning, dedication, and some work ethic.
Yeah a lot of people do the rehabbing homes and selling them these days
Some folks seem to make pretty good money with it.
Yeah, as long as you do not need to hire someone else to do the work it should be good money
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