  Dcmorrison12 Member Username: Dcmorrison12 Post Number: 22 Registered: 02-2009 |
Anyone want to go and buy all/part of a crumbling but potentially successful Detroit neighborhood block with me and rehab the old homes? We could split the homes into 2-4 apartments and rent them out. Works well in a bad economy (cheaper rent) (this post is merely just to see what interest there is, I'm not in any financial position to rehab anything at the moment) | ||
Wolverine Member Username: Wolverine Post Number: 582 Registered: 04-2004 |
Sorry, Dcmorrison12, but I recently purchased a block of downtown skyscrapers, and I'm incredibly busy right now. | ||
Mikeg Member Username: Mikeg Post Number: 2183 Registered: 12-2005 |
And I suppose you're planning to conduct a seminar for those who respond? | ||
Mortgageking Member Username: Mortgageking Post Number: 257 Registered: 12-2006 |
So you don't have any money, yet you want to buy not a single house, but an ENTIRE BLOCK of houses in Detroit and rent it out? I don't have any money either, but if I did you are probably the last person I'd go into business with. | ||
Savoyard Member Username: Savoyard Post Number: 7 Registered: 08-2008 |
I just bought the city of Cincinnati with my tax refund. I figure with a new coat of paint and a little spackle, I should get my investment back in 40-50 years. | ||
Johnlodge Member Username: Johnlodge Post Number: 9337 Registered: 10-2003 |
 | ||
Wolverine Member Username: Wolverine Post Number: 583 Registered: 04-2004 |
Too bad you beat me to Cincinnati. Over-The-Rhine Rises! | ||
Chitaku Member Username: Chitaku Post Number: 2092 Registered: 03-2006 |
damn, talk about getting shut down | ||
Retroit Member Username: Retroit Post Number: 934 Registered: 04-2008 |
Dcmorrison12, I've figured you out. At first I would read your responses and think to myself "my god, is this person truly believing what he says?" You've blown my mind, made my jaw drop and you've pissed me off. But you know, I got it now. You truly don't believe anything that you say, it's just a bunch of B.S that you preach to us just to piss us off, and no more. There's not intellectual thought process in your head when you spray this crap onto the forum. Dcmorrison12, leave the forum... come back when you have something worth while to say | ||
Gnome Member Username: Gnome Post Number: 2317 Registered: 08-2007 |
Yeah, let's start on the St. Rita and expand to the Tuller and the Vermont. That should take a couple of weeks, so we can head over to the American, the Eddystone and finish up with that drywall project I've been planning at the Scott Mansion. You get started, I'll be right behind you. | ||
Thnk2mch Member Username: Thnk2mch Post Number: 1328 Registered: 02-2006 |
I'm in. Take what you need.  | ||
Lilpup Member Username: Lilpup Post Number: 5222 Registered: 06-2004 |
Unless $500 will be enough I'll get back to you right after I win the lottery. | ||
Servite76 Member Username: Servite76 Post Number: 152 Registered: 02-2008 |
DCMorrison, thank you, I needed a good laugh after a bad week at work. They laid off over 100 folks this week at work. Maybe we can open up some Downtown eatries while were at it. We'll get Sean Of Detroit to do our PR. Sorry Sean, love you buddy!! Retriot, relax and have a sense of humor. I think DC was just throwing it out there. | ||
Thames Member Username: Thames Post Number: 374 Registered: 02-2007 |
I thought DCMorrison WAS Sean of Detroit. | ||
Blueidone Member Username: Blueidone Post Number: 468 Registered: 03-2007 |
Actually...it's not such a far out idea. There is federal funding for such a thing. It's called the Neighborhood Stabilization Program. They are going to issue grant money to people to buy and rehab foreclosed homes and make them available to low income families to buy with low interest mortgages that the government is going to back. I think the program also allows for buying them for rental, but with restrictions. This part I am not sure about. The City of Detroit has some of the money. For other cities in Wayne County, you have to go through the County. If you go to the Wayne County website, there is a descripton of the program. There is an application process and you have to prove your ability to complete the work by showing financial backing and history in the business. One of the comanies I do work for is applying. I am hopeful that this program will help turn some neighborhoods around. | ||
Mikeg Member Username: Mikeg Post Number: 2185 Registered: 12-2005 |
The "stimulus" bill currently being debated in Congress contains $4.2 billion for “neighborhood stabilization activities”. Once this bill gets passed, we can expect more "rehabbers", "seminars", "applications", etc. coming out of the woodwork. | ||
Retroit Member Username: Retroit Post Number: 938 Registered: 04-2008 |
Servite76, I know. That post was just a copy of one he wrote me on another thread, with his name in place of mine.  You reap what you sow. What goes around comes around. Treat others the way you want to be treated. (Message edited by Retroit on February 05, 2009) | ||
Jams Member Username: Jams Post Number: 7680 Registered: 10-2003 |
This should be an easy one:  The walls are up already and it has window and door openings already! ..and a big lawn begging for a rototiller! | ||
Wolverine Member Username: Wolverine Post Number: 584 Registered: 04-2004 |
"Actually...it's not such a far out idea." For 99.99% of the population it is a bad idea. Someone who invests a lot of time in market research, carefully selects an already STABLE neighborhood, might have success. Choose a burned out block, surrounded by a scattered few, you are setting yourself up for disaster. Someone shouldn't have to say this, but there are a lot of people out there who think they can actually make a difference out of a pile of rubble, but fail. If it sounds too good to be true, it probably is. | ||
Hpgrmln Member Username: Hpgrmln Post Number: 653 Registered: 06-2007 |
"I just bought the city of Cincinnati with my tax refund. I figure with a new coat of paint and a little spackle, I should get my investment back in 40-50 years" Damn fool. You could have gotten Flint MUCH cheaper.Or, cheaper still, Benton Harbor. | ||
Savoyard Member Username: Savoyard Post Number: 8 Registered: 08-2008 |
I did consider buying a Michigan city, but the Craig's List ad said it INCLUDED the Bengals. I figured the price was good ... and with the Lions sucking last year, I thought it was a good deal. But now I found out the Bengals were NOT included, so I'm preparing to sue CL for false advertising. It's so unusual for CL to contain ads with false information. I think I've got a solid case! | ||
Lilpup Member Username: Lilpup Post Number: 5227 Registered: 06-2004 |
How many rooms are in the station? It might make for good, low income housing - big, ol' community garden out front as Jams suggests, short walk to Honeybee and a nice driveway for a bus stop (no parking allowed onsite). The building and some cash could be a nice settlement from Manny for public endangerment or other cause. | ||
Kathinozarks Member Username: Kathinozarks Post Number: 1867 Registered: 11-2006 |
Lilpup, that sounds lovely! | ||
Blueidone Member Username: Blueidone Post Number: 471 Registered: 03-2007 |
Mikeg...the new bill is additional funds. Some of the grant money is already available, I believe. Wolverine...my company has already built new housing in what was a blighted area under a different program and are building more this year under the same program in the same area because we have been fully occupied since the beginning. The only way Detroit will survive is if the people who wish to live there have affordable, stable, adequate housing and employment. My company is trying to help with both by using trade persons from the City. I believe we can change it..one block,one neighborhood at a time. | ||
Sean_of_detroit Member Username: Sean_of_detroit Post Number: 2187 Registered: 03-2008 |
Cute. No, contrary to popular belief, I have not created a second name. Dcmorrison12, I do like your enthusiasm. However, I agree that question was a little silly to ask here. There are much better ways to perform market research. An open question here will not give you much statistical information. If this is your thing; plan, plan, plan. GO FOR IT! Don't listen to the naysayers. Start learning by taking some classes, start practicing (Maybe start with one home, or find someone who is renovating one to be your mentor), and don't slow down. You have to have things to bring to the table, and not allow yourself to get hung up on horrible ideas. Don't listen to the naysayers unless you can look past the mean comments for raw input, and treat pessimists and optimists with scepticism. Now that I said all that, note that everything I just said might be BS. Oh, and I might be interested in 2012. Come back then. | ||
Dcmorrison12 Member Username: Dcmorrison12 Post Number: 23 Registered: 02-2009 |
Oh, I was only kidding. I was hoping to spark some sort of conversation to get an insight into what people though of the idea. I see Retroit couldn't really think of anything. (I'm still not sure why he comes to this website... haters and ignorant folks should stick to Freep.com | ||
Townonenorth Member Username: Townonenorth Post Number: 775 Registered: 10-2007 |
So now you know. So quit asking stupid questions. | ||
Gnome Member Username: Gnome Post Number: 2319 Registered: 08-2007 |
Dcm12, the tucks pad of posters. | ||
Mikem Member Username: Mikem Post Number: 1898 Registered: 10-2003 |
Who wants to scrap a neighborhood block with me? I don't have any money but if together we could round up enough tools and pickup trucks, we could probably make enough for a down payment on a... (this post is merely just to see what interest there is, I'm not in any position to risk jail time) | ||
Mikeg Member Username: Mikeg Post Number: 2188 Registered: 12-2005 |
I'd help but my pickup is in the shop, someone took the catalytic converter. | ||
Lmichigan Member Username: Lmichigan Post Number: 4085 Registered: 10-2003 |
lol! Mikem. | ||
Kevgoblu Member Username: Kevgoblu Post Number: 197 Registered: 02-2007 |
Damnit!! I saw this thread earlier and was ready to sign up. Oh well....on to Plan B. I have a good friend who worked in the resturant business (Burger King) during high school. We're thinking of reopening Sweet Georgia Brown's, as well as the Hard Rock. On the weekends we're thinking of rehabbing a few of the closed Bill Knapps locations. We don't have any money either, but figured as the buildings are unoccupied the landlords will let us open up on contingency. | ||
Tetsua Member Username: Tetsua Post Number: 1536 Registered: 01-2004 |
^^^^ LOL | ||
Townonenorth Member Username: Townonenorth Post Number: 776 Registered: 10-2007 |
I'm real optimistic all these fine plans will work out! Rah Rah! Cross post to "why are opitimistic posts..." | ||
Mayor_sekou Member Username: Mayor_sekou Post Number: 2634 Registered: 09-2006 |
Cross post to "Why I occasionally hate newer posters on DY.." | ||
Lodgedodger Member Username: Lodgedodger Post Number: 1413 Registered: 05-2008 |
>>Anyone want to go and buy all/part of a crumbling but potentially successful Detroit neighborhood block with me and rehab the old homes?<< No thanks, I'm giving that up for Lent. | ||
Wolverine Member Username: Wolverine Post Number: 585 Registered: 04-2004 |
"Wolverine...my company has already built new housing in what was a blighted area under a different program and are building more this year under the same program in the same area because we have been fully occupied since the beginning." Yeah, I actually think I know what company you work for. | ||
Tetsua Member Username: Tetsua Post Number: 1538 Registered: 01-2004 |
Anyone want to help me design a mass transit system for Detroit. I'm not a city planner, but I am an engineer. I figure we could use zip lines (ex. http://www.flickr.com/photos/j oseole/2961784648/) for express travel, and giant slides for local travel (between mile roads). Hey it would be safe green technology too ... who's onboard? | ||
Detroitchef Member Username: Detroitchef Post Number: 90 Registered: 09-2008 |
Sean, we all die in 2012. | ||
N7hn Member Username: N7hn Post Number: 166 Registered: 02-2008 |
so, any links to how to get the "free money" to rehab detroit? |
