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GentleChief

US Property Investment journey - 13.8% Nett yields - Detroit gems

US Property Investment journey - 13.8% Nett yields - Detroit gems

US Property Investment journey - 13.8% Nett yields - Detroit gems
GentleChief, 8th Apr, 2018
    • MTR
      Nice

      Bala is this one of your older acquisitions??

      Great facade
    • GentleChief
      Yes Marisa, bought in Detroit during the heights of the Industrial depression - late 14 early 2015.
      When manufacturing was not 'producing' the driverless & fuel cell technologies.
      It's turned a corner, looking forward to the "greater" days ahead,
      Oh well, let's just say "better" days, since we don't have a crystal ball in our pockets, do we?
      :cool:...
      MTR likes this.
    • GentleChief
      Thank you @MTR
      It's a beauty and I love it - cash flow and all.
      MTR likes this.
    • Karina
      Nice property @GentleChief. Just curious what the numbers were on this one in 2014 and what it maybe worth now.
    • GentleChief
      @Karina bought this one at 47,000 with 850 in rent as an off-market deal.
      now should be worth 65-70000 at least I assume.
      can be more (?)

      But the best is ahead, I believe, as it sold in 2006 for 185,000.
    • Karina
      wow 185k in 2006, that's a bargain at 47k and some good potential capital growth upside! Nice purchase.
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