A Shocking Look into Cheap Real Estate: The $12,900 House
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- Опубликовано: 16 июн 2019
- Should you buy a $12,900 house? Let's find out the TRUTH about these cheap houses. Drone footage by @feliciafullwood or @ Felicia_Fullwood on Instagram ✅Course Sale: meetkevin.com ⚠️Other Channels⚠️ Market Open Live: / @meetkevinlive ✝️ Podcast: / @meetkevinpodcast 🚨 Meet Kevin Politics: / @meetkevinpolitics 🏠 HouseHack: / @househackhomes
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Huge thanks to everyone who helped, especially Matt and Alicia! What an eye-opening trip to Detroit! And yes! Graham did spontaneously come up with this coupon. See you in the course!
You should have connected with Shea at the #SheaShow - he truly knows Detroit and the housing market: ruclips.net/user/proshea01
You guys should have a show together for sure
Meet Kevin lol
Keep in mind... many renovations don't get finished because crime is so bad. Imagine putting 30k into a house and everything gets stolen just as fast as you put it in. I turned down a $10k 4-plex because the pipes and electric continued to get stolen. I can install PEX but I can't keep electrical boxes, wires, water heaters, and HVAC units from walking away. Kevin I can see the sadness in your face... it really is sad and the people are doing it to themselves.
Interesting to see what "LITTLE" has changed since I went up there a few YEARS ago. We looked at $1 and $1,000 - 5,000 (and others), MANY of which were still in good condition (except for missing hot water tank, furnace, and any electric wires they could tear out easily). We did NOT buy because the taxes were MORE than you could rent the house out for. Could only get $400 per month in rent and taxes were $5,000 per year. Add in repairs and it was a loss.
The entire time, Graham, looked like he desperately wanted to go back to LA 😂😂😂
Guy doesn't wanna die
Death comes.
@@twincherry4958 If he lives in LA, not that much of an improvement, except the weather.
😂😂😂
Lmao dude acted like he was touring a 3rd world country😂
Graham looked out of place AF! No amount of avocado toast could calm him down! Get that man back to Cali
I’m GAGGING!! Too funny!! 😂😂😂😂😂😂
Kevin was way more out of place with his clothing
And get him some iced tea too
Esrom coffee lol
I never realized he was so short haha
For a man with zero screen time, that Uber driver seems to be the real star of the show
Imagine cruising through youtube and finding your childhood home in a random video.
André Ferera dawg im like that’s outside rn
Yeah, I know what you mean. My childhood home was on an episode of Chicago Fire. It was exciting to see.
✨Nostalgic✨
The guy with orange hair seems comfortable with the camera. He could/should start off his own real-estate channel, Detroit style. Lol
The Random RUclipsr I agree!
I like him too . Coming to HGTV ....
Who is he? Does he have anything we can follow?
hella diggin his vibes
Did anybody else get the feeling that he's on cocaine or something? Something is off about him. He doesn't make eye contact with anybody, he's hyper but his eyes/head are moving all over the place and he just looks nervous. Ginger fella is on some shit
You see, selling a house for $12,900 is actually a very clever marketing strategy because $13,000 sounds just a little too expensive.
Whatttttttttt🤔🤔
Just heard 2 wealthy investors tell me this secret👍
@@gustavojunior2020 just how $49.99 sounds cheaper the $50
😂😂 I agree dat shit hilarious
Poor me , I add at least 5% to every listing price....and then taxes...lmao
That agent has such an optimistic, professional, high energy, clean vibe. He's excellent
He looks a little jacked up. Hmmmmmmmmm.
Really entertaining guy
@@mudbutt5951 Yeah he looks like hes clenching his jaws.
Who here wants to take over a Detroit neighborhood? We can all buy homes next to each other and clean up the neighborhood
@@Adam_A Yea, looking back on this comment now, not even I want to do that anymore lol
Please remember the comment about the lack of work in the area. You can rid the city of all the crap houses, and raise the value of the suburbs, but it’s no good if there is no local income to afford renting / buying in the area. There’s a good reason the area is abandoned. Until you see a rise of work / jobs that can supplement the cost of living in renovated or modern housing, it would be a lost cause.
I'm in, and make it several whole blocks instead. Trump is sending in the big dogs to clean this city up, it would be a great investment and a public service!
@@johnbrewer1234 Detroit is coming back to life.
What will happen when your improvements are 10x more than your resale value
Graham has never witnessed anything close to that kind of struggle lol. He might have to see a therapist after this.
Leo A. RIP Graham
Graham has PTSD now....
Yeah, I am concerned for Graham, it looks like he was extremely uncomfortable
he's so tiny.. so fragile.. great ytber tho
Hahahhaa
Graham shorter in person?... smash that like button
Mi Ra Ha!
He's a cute shorty..lol
How tall is he?
He needs to search Asia for his 4'11" soulmate
@@wesley_snipes he looks 5'4 or 5'5
"Why does this house cost $12,900? How is that possible? Why, when there are such nice houses across the street?"
"Well, if you stop talking and turn around to just look at it..."
Those big, old solid houses left to rot makes me sad. I'm sorry for Detroit.
@Beth Merryfield Yeah, it’s sad. There’s SO MUCH history and potential in Detroit, and it’s just left to fade away.
Don't be sad. Make your reparations payment right now to make yourself feel better so u can go to bed super cozy tonight.
Cash app: businessadmin
The government could easily relocate of all Skid Row into pennies on the dollar mortgages, and see overnight improvement in Southside Detroit.
@K Sozo And yet, they still keep voting for the same soul sucking treasonous scumbags that leech everything they can from them, then continue to wonder why everything keeps going further down the shitter...
Shouldn’t have relied on one industry and shouldn’t have voted Democrat.
Kevin looking like an ABC News guy describing the fires lol 😂
That's what im saying 😭🤣
Wow didn’t realize Graham was so short 😂💀 they make him look like Kevin Hart
😂 they walking around like its Jurassic Park
The penny stocks of real estate🤦😂
lmao. except penny stocks much better
You should make an entire video with that driver from Uber :) we need more advices from him :)
Alex Siminitzki haha that guy was amazing
That Uber driver deserves an Oscar keep you and graham safe
Alex Siminitzki Whatever that Uber guy that was driving them around did not luv in Detroit!!! Hearing the things he said was crazy!
It was awesome meeting you guys! Thanks for having me!
Are you the agent here?
Great job! Next time try to be more relaxed :D
@@nikosnikolis5939 : I thought she did great! Real cute lady! ❤ Rocking that Yves Saint Laurent purse! Get it, Queen!!! ❤
PlaidShirts United yes I am
Lazin thanks I will.
Kevin, I was told by a landlord that owned over 100 houses in low-income areas that you don't want to own a two-story house because it cost twice as much to paint and carpet but doesn't pay very much more in rent. His formula was to buy a one-story bungalow for under $10,000 and rent it out for about $700/mo. He preferred houses that didn't have a basement because when the tenant moved they would leave lots of junk in it that would cost him $100-$200 to have someone clean it out and it really didn't rent for any more than a house that didn't have a basement. The houses in the low-income areas are bought for cash flow because there is very little appreciation in them.
If he has over 100 houses, renting out for $700/month. He is making over $70,000 a month. $100-200 for a basement clean out is nothing.
If a house in Michigan doesn't have a basement, it's likely PERMANENTLY VACANT. It'll get less in rent than the cost of the property taxes. And, that's if the city/township would even allow it to be built.
Alternatively, in MOST areas of the country, adding a second floor often at least doubles the property's value. But, of course, as the main phrase in real estate goes: "Location. Location. LOCATION!!!"
@@rockerjacob33 Maybe, but it might also be a hassle for homes in flood zone areas that get a great deal of water damage via their basement and sealing repairs for the home over time might be a cost some aren't willing to take on.
If he was renting 10k houses for 700 a month, he was a greaseball and shouldnt be given an audience
@@jimibones178 you’re assuming he has every single house rented , every single month.
Theres more to it than just that.
Completely redoing the home.
Painting, flooring, new appliances, water damage, mold damage, etc.
As they said before, low income homes meaning they obviously aren’t going to be high end fancy.
I’d kill for a 700.00 decent home. But in my city the cheapest for a 1 bedroom is 1,000 with no basement for flood risks.
Get your income up and then if it doesn’t fit your standards then you can complain
If that guy started his own channel , he’d do really well. He’s got it.
“You find what here?”
“BODIES.”
*ADVERTISEMENT*
Literally read this AS it was being said and then the advertisement came in lmao
Ashley Shautice me too
No there really are bodies like that there. And in flint and muskegon too. All cities in Michigan
Rina Nova same in jersey. Every hood the same for the most part
Free organs
This is like ghost hunters for real estate.
Accurate lol
This is hilarious
The Shea show on RUclips !!
@@Serenityafterall I love his channel!
Woahahaha
Watching this from start to end should show you there’s really two different worlds in the USA
Mhmmm I get you on that...and the two met on this video.
I'm from Texas and I never knew such poverty exists. I thought Detroit was supposed to be this big city place but I see they lied to us
@@latoshastanfield5523 Grand Rapids is smaller, but far better.
Wow the land alone in my town in NH goes for 300-400k alone. I wish I could buy a house really cheap! I am saving up for my first home right now and only have 6k but, I am a single mom. Hopefully one day I will be able to afford it!
Well.. At least the Uber drivers in Detroit seem legit.
Meh, get a lot of foreign drivers around there, not bad but they aren't gonna be like this guy.
I've had great ones and awful ones just about equally.
Most Uber drivers in Detroit are clueless about the neighborhoods.
Graham: I thought the only thing bad in this world was burnt avocado toast...
Omg
Your eyes are opened now. You can't unsee it. See this, then the giant Roomba in Walmart and Andrew Yang starts to make a lot of sense.
Anything can be FIX and in some Country like Cuba , you throw nothing away ,Florida is Gold , Warm weather all year long and Hot Bodys on the Beach all year long , try flipping in OHIO , try Flipping in North Florida , hold on to it will be Gold in the short time , like Brooklyn , nobody wanted to Move there in the 70 , today if your Pappi bought a lot in those crime years , Today you got 1.5 million waiting on some nasty LOT they need your part to join together for a Condo project .
@@hardcandy7112 so be that papi and buy in detroit today
@@modelsupplies print money all day and all the sudden everyone wants to move to Detroit
Kevin looks looks like a news reporter when he's looking at that fire the next day.
I love this video so much. It really is transparent about what it is like here in Detroit. You can't just invest out of state willy nilly because of the allure of cheap houses. You need roots here and real boots on the ground! Theres so much variance in this market and you really need to be careful. PS Kevin, I was downtown to join the meetup but you were filming and I chickened out! Huge fans of you and Graham. I wish I would have grown a pair and just said hi instead of being so shy! Dang it! Maybe next time you're here I can show you my investments.
Forex is becoming so lucrative. It was just on my birthday that my cousins was talking about how he made the money he used to buy his Camaro. Well I'll definitely message this Alice.
I've lived in metro Detroit my whole life and I can say Detroit has come a long way since the time of the bankruptcy. There is a lot of hope, but the neighborhoods are still lagging behind the City as a whole. Rebuilding a City as large as Detroit doesn't happen overnight, but it is happening.
Totally agree, we are international investors and have been investing in Detroit since 2014, the city it has come a long way, there is still way to go but it is nowhere near as when we started investing. I love Detroit!
My like is for that Uber driver 😂
I'd be careful going into those old homes with water/fire damage aside from stability issues, there's like exposed lead and asbestos and shit
You're IN MY HOOD! I saw a 70 unit apartment bldg for $44k a few yrs ago. They've plowed under the worst homes, and huge swaths of land are just grass fields in metro Detroit. I drove thru a grass area where the street was under 3ft of water (it looked permanent), I had to turn around. There are many houses where they've gutted the garbage and piled it in front of the house & it is so tall you can't see the house (really), and it'll just stay there forever. You can actually find nice stuff up in the thumb of MI for under $100K on land.
5 well-dressed white guys in the hood.. they probably looked at you like you were unicorns.. CRAZY UNICORNS
Lol, you guys look like the gentrification squad
Ahahahahha you have made the best comment for this video
Exactly
lol I was thinking the same thing
This comment killed me lmfao
Facts
Its such a shame these beautiful houses are so decrepid, I would pay a fortune to have a house like any of these in Australia
NexGenInsanity the lesson here is that land and location is everything.
@@NotShowingOff Im always about learning, what are some major contributers that you would look at that helps you decide between a cheapy in a bad neighbourhood or a more expensive one in a nice neighbourhood?
NexGenInsanity if you read about the history of Detroit, Michigan USA, you will find that it was the automobile center of the country. Hence all the infrastructure. Once the automakers left, all the service sector workers were left without an income. Those who could leave, left. Now, the once great homes of the middle twentieth century are crumbling. There is no point renovating a home until ppl with jobs start gentrifying the neighborhoods.
Going back to your question. It’s basically jobs. Look for shopping centers nearby. The average net worth and income of those living around you will decide the prospective value of your home. It all comes down to ppl at the end of the day.
There are truly some gems.
@NexGenInsanity ikr having one of these houses in NSW would be like 450k +
Winterizing a house by stripping the pipes has to be the most ingenious thing I've ever seen
meanwhile in LA, this would sell for $900K and it would be a bargain lol
I love how Kevin keeps referencing the uber drivers advice as if he's some kind of real estate mogul lol
They should make a video with the realtor! She knows her stuff!
No but the uber driver sounds street smart
uber drivers and strippers are like google for the streets
@@Blue-kz3vf no it just sounds like he lives in Detroit
You don't ask a guy from LA what living conditions are like in a neighborhood in Detroit. You ask the guy that works there every day.
The dramatic and suspenseful feel of this video deserve all the likes 😄
It’s like they went on a Safari through the Real Estate Ghetto 😂😂😂
Your people love comparing us to animals don’t u
Strange comment…
@@chosenone3119 stretching
The architecture of Detroit homes is amazing! I'm sad this happened to my city
Such a shame to see all these beautiful houses in such disrepair
There are fires because our utility’s rates are so high, many people use electric heaters. They end up catching fire. Thanks DTE formerly Detroit Edison electric.
What are people paying monthly for utilities?
@@americancreole6299 When I lived there, 1971 to 2005, people with older homes were paying $300 to $500 for gas in the long-ass winter. And from talking to a friend it has gotten more expensive. Electricity was more in line with norms because it isn't affected by sub-zero weather unless you switch over to an electric heater.
Ppl like you should not have a home.
that's what happens when democrats take over a city and unionized electricity
guitar911rock tried to make a point but ended on sounding dumb
Is that real estate agent trying to make a sale or stop you from buying???...he's telling so many horror stories lol 😂
I’ve fantasized about going to invest in Detroit. This video cleared up those fantasies.
Kevin is a great guy. I love how he gives the mic to other people to promote their business. Life goes and comes full circle.
Ah Thank you!!
@@MeetKevin Next time you go back to this hell hole, or one like it, hire me for your security. I left years ago, been a private security contractor for nearly 20 years now. Trying to retire into real estate rentals now. NOTHING in Michigan is in my scope of potentials.
So awesome that you are visiting Detroit. I went to College for Creative Studies down in the Wayne State area (2007-2010), and I had a friend that lived in the boston-edison district that we lived across from Henry Ford's second house which he built a workshop for Edsel over the garage. For a time that I was there in Detroit, I got to know it's story by the abandoned historic buildings best by riding my bike along the Dequindre cut all the way to Belle Isle and I eventually lived by my school in Ferry street. The city has so much character , with the crime aside, had so much potential to be whatever you make it. Someone once said when I was in college that comparing to say New York, Detroit is a city that feels very much a ship you can still steer, that one can get into a scene and make it out on their own terms.
Great shares Kevin!
I love when you guys do videos together. Such an interesting one today.
This makes me so sad. I love older homes. They have so much more character than new homes now-a-days. Seeing all of these beautiful homes just sitting there breaks my heart.
$12,900 is too expensive for that rust bucket! And then the next house had "I Am Legend" doors lol...
You are right, the house and lot should have been fifty cents (50 cents) and no more. I wouldn't even put a dime in it.
If you get houses that cheap, they should tear them all down and build brand new.
Free is too expensive
Thank you so much for the tour. Loved it.!!
Hey man, been subscribed for quite some time now. Love your content. Got extra excited when I stumbled across this video as I'm from an area not too far from Detroit! Anyways keep doing your thing! Every one of your videos bring me one step closer to real estate investing. Thank you
This is why when gram says his family struggled growing up I don’t believe him because he constantly looked ready to run to the car lol
They might’ve struggled but not THAT kind of struggled
Ya. For us milinials in the 818 struggles could be having a 4 yo used car in school or having to share it w/ sister. Or sharing data Mina on our family plan or no TiVo to save or shows. Proly had to make coffee at home too. A 1 Xbox family. That’s tuff
His dad was an artist so they didn't make much money. I don't think Graham meant he grew up in a dangerous area, he just grew up in a low income family.
He may have struggled but not in the hood type struggles! 😂
They could’ve struggled without living in this neighborhood. It wouldn’t have been the same level of struggle, but it would still be a struggle
“You can fix the house but you cant fix the neighborhood” but what if someone buys the whole neighborhood ?
You lose all your money to thieves.
is there constant money flowing in the neighborhood to allow for renters to actually pay for the houses?
@@jean1718 yeah learned in one of the comments that if they're isnt any money being flowed into that side of the city itll be awfully difficult or you'll just lose your money. Suburbs are different, obviously. You have to fix the income before you start to look at neighborhood or even a house.
Look at it this way. Look at the businesses in the area. Do they get enough traffic? Are there schools near by with a somewhat positive rating? Fire/EMS and police close by? Public transport? There’s more than just the industrialization leaving Detroit to cause many neighborhoods, suburbs, districts, and the whole city to have mostly gone abandon, and totally bankrupt. Trying to fix a neighborhood isn’t easy. You will go bankrupt trying to do so if you don’t have the necessary things to keep it goings. And 99% of the things you need, are not in your control.
Exactly. Let’s buy the block. Take back our city.
I’m from Detroit and this video is hilarious. You guys were acting very afraid and very shocked like you’ve never left the suburbs wherever you’re from. There like “omg it’s a nail, omg it’s a spider web” and the music smh 🤦🏾♀️ idk whether to laugh or cry because you guys are so clueless to what power income areas look like
What's strange is LA has some horrible spots. I went in January and many spots were very sketchy. They must only stay in the rich areas.
Blame the Uber driver not them.
@@deepthinking8633 why would I blame the Uber driver for how they are reacting to the environment lol
I mean yeah they are in a crime shithole.
He was freaked by the nail because it went through his shoe and into his foot! No idea what kind of crackheaded cockroach had been using it to scratch his ass with earlier that morning!
The best thing America could do is sponsor a bunch of hard working refugees and have them rebuild Detroit!
This is a good idea
@Ta Hart That is probably true, however Detriot is in dire need of a total economic redo. Rebuilding real estate and businesses would just be the beginning.
I think at one time, about 5 yrs ago, a group of refugees would occupy Brightmoor neighborhoods in Detroit to live and rebuild. Not sure what happened to that program.
Send in a bunch of Mexicans it would all be fixed up in a month!
Overall a good video guys. As a Detroit investor and former realtor, I can tell you that getting a detailed overstanding of what our city has to offer will take more than 2 days. With 144 sq mi of real estate, there are many areas that support $200k + values and worthy investment properties for under 20k. I look forward to your continued success and hope to see more investing in our city when you return. Thanks for the look here.
For those who think this can't happen to your city, Detroit used to be the most prosperous city in the country.Visit Detroit and you'll see amazing homes, many run down. Economic changes always happen,as they did in Detroit, and they sure will happen in your city.
c n it can happen anywhere. Literally.
I would love to visit
@RaFari1119 Bee - hey I hired a stock guru last year who's into a lot of these IOT companies. I paid very little for the membership and somewhat foolishly haven't spent a penny yet (just watching his picks) but his picks are performing very well. Every time I'm about to jump in and commit dollars I pull back on an ethics call. A voice keeps telling me not to contribute to the proliferation of this technology, even while I know I could be reaping big profits. What a quagmire!
No, for this to happen elsewhere the city could need to have an extremely dense concentration of one industry. Cities like LA and New York dont rely on one thing like Detroit did with manufacturing. So find an over reliance on a particular industry you may find this happen, otherwise no
@@nopedefinitelynotnahthatsnotme Tourist citys that only rely on tourism are the only ones i could think of without much research where this would apply.
Guys keep these kinds of videos coming, they're very interesting. Good job 👏
This is my hometown and it made me realize while watching your reactions that this type of stuff isn't normal. Normal to me but obviously not to everyone, definitely eye opening
Dope collab. 🤟😝
bro you watch him too?! two of my favorite RUclipsrs
Ayeee ‼️
Hey its popular music producer/youtuber Busy Works Beats !
This is a strange place to run into you haha
Love both you guys lol knowledge on knowledge
Clicked on this video because the thumbnail house reminded me of a Detroit. Wow I was right.. I grew up in Highland Park and you all should have seen it before the 80's.. It was beautiful and was called "the city of trees".. I've been here in Los Angeles for 33 years and it's amazing to have witnessed the contrast between real estate in both markets!!! In 1985 I was going to by a house on a nice block (that is still beautiful today) for 28k. 5 years ago I saw that house for 30k (Home looks exactly the same). maybe 90k today. In L.A. 1986 some 110k houses are now worth 1.2 Million
Kevin, you need to realize there is almost NO benefit to investing in this area, or its suburbs. The fact that you and your associates are so shocked by this highlights your naivete to the rest of the world. It's good you did this. You got outside your comfort zone and realized how bad things can be. Converting a garage to living space in these areas was unlikely at best, even when the area was booming. Never been exposed to any this? You haven't watched ANY news? Didn't research the area before you took the trip? Again, I'm glad you did this, because it's so different from all the California crap. Even in nicer places, we midwestern might people see areas just like this when we drive 30 minutes or less from our homes. "No insurance?! Why are there fires?!" It should be PAINFULLY OBVIOUS!
Lol so true. Its the fucking hood, apparently never seen one.
@@A6Legit Actually, that WASN'T even the hood... 🥴
@@A6Legit I'm not from poverty I'm from Texas where everything is very comfortable but I can assure you this ain't the hood
I think the point was to show us this, I assume they knew about it. I also assume the questions to the realtor about fires was also for our benefit
@@A6Legit Nope. The worst they saw was a "5 or 6" neighborhood. They wouldn't go to the "1-4" neighborhoods.
Mad excited to see Graham and Kevin working a video together. (Even though I'm a couple of years late to this video). Much respect and gratitude to you both.
Wait for the next financial crisis and you'll buy for 129.00 instead of 12,900.00
Mark lol ikr
And it won't be long
@@dangrimes5078 True, unfortunately
And it looks like it might be starting
They'll offer to pay the back taxes if you take it off their hands and you'd still lose money on the deal.
Seeing Houses in decay saddens me!! But you bring good news, that makes me happy - Detroit on the upswing! I have visited Detroit 2 times - the last time I went to the Motown Museum - WOW, great tour. I will be back! Thank you for sharing.
7:22 house burning, just a normal day in Detroits hood lol
ominous music in the background of a real estate video. Everything is reality TV nowadays
8 mile sequel Rabbit quits rapping and starts investing in real estate🎥
Literally all I could think of was em everytime they said 8 mile😂
"That's why we don't call it Detroit, we call it Amityville"
@@sara9saysyo true🎭
Y’all, if you’re scared, then stay out of Detroit. You can’t be displaying that kind of fear all the time even if you possess it.
Word, "scared man cant make no money".
Best advice
You should see how scared Kevin is in the small town Ohio houses! I bet he thought it was all corn fields and cows before that!
Stg
I'm 99% sure that fourth guy in the video is a cop or security professional. Look at his hands, he always stands with his hands at waist level in front of him and that is textbook defensive training. They were uncomfortable, but pretty sure they wouldn't have gone without that dude
Alwyas love seeing you guys in my area, seems more relatable and esp to see my two favorite teachers together
You 2 need to start a series doing these all over the country
This is better than dateline! Super fascinating!
Chandler David Smith 😂😂😂
My first time commenting on anything you've done. This one deserves a HUGE THANK YOU and a smash of the SUBSCRIBE button! I'm even going to turn on Notifications. Great video. Great Collab. One note is I think it was too short. I'd watch a much longer video or a series. Again, great job Kevin!
My buddy is an insurance fraud investigator. He said people were buying these homes sight unseen, over-insuring and then burning down for insurance money.
My first through was that it's such a shame to see these beautiful old houses decaying. But really it's nothing compared to the poor folks who live their and saw this happen to their city and their livelihoods.
Oh my gosh. Alicia saved you. Smart smart smart for including her. Thank you.
This is why I usually stay in Bloomfield Hills, but I’ve been in Detroit many many times, and it’s usually fine.
My dad used to live in highland park when it WAS highland park, we went back to the house he lived in last year, and what they are saying and showing is absolutely true.
Neighborhood resident be like; "If the bank want to take my house, they have to pick up the leftover ashes."
Real talk. Fuck the banks
I really enjoyed your Detroit video Kevin. I lived in the Edison "Historical District" when I went to college in 2010. Being a ignorant kid, I figured that rent for half a huge house at $350 a month, couldn't be that bad, and think of all the money I would save! There is a reason why rent was $350/mo. Despite the pack of flesh eating wild dogs that roamed that area, fetid water, all kinds of threats and grifting, the residents of the area were generally cool, and had a live and let live attitude. Just be respectful and keep to yourself. Also if you are driving at night, stop for no reason. I had to eventually leave because there was a gang/turf war that involved adultery, many ripped out hair weaves, guns, a wii sports bat, the epic finale battle which resulted in a gang of 20 people gathering on the lawn with Styrofoam coffee cups full of gasoline and trying to set my downstairs neighbors house on fire. Haha, good times. It was nice to see yours and Graham's appalled expressions while you toured the Detroit hell-scape. Again, there was a reason why rent was $350/mo.
Man, I never actually thought of doing real estate, but your videos are so intriguing. Greetings from Canada
On the 12.9K house the most likely reason the contractors walked away was because every morning when they came back to work they found where it had been broken into. I speak from experience in the hoods of w. baltimore
I just found this video and I’m amazed at how awesome the content is
This is such a mischaracterization of Detroit and ramped up for “shock value”. This is like me going to skid row in LA and saying this is Los Angeles. I would love to take you and GS back to Detroit and show you the real Detroit
Akeem Casey Photography - Yes! Totally agree. It’s sad that they got a tour by an Uber driver and not by someone who actually knows the Detroit real estate market. Why didn’t they ask the realtor they spoke to to give them a tour of areas in Detroit that had low prices and great values and weren’t scary like this. I can name several off the top of my head. Warrendale, University Commons, Rosedale Park, to name a few.
Tamara Rasheed True i live LA and we Good and bad neighborhoods, can u also give more good neighborhoods ...would appreciate. God bless
Tamara Rasheed Are there real estate brokers or agents that you would recommend? I’ve been recently researching the area, and it’s definitely hard to go off of people that are not from the area or truly understand it. Thanks!
jbenitez22 - Definitely! I'm going to start writing about all the stuff I'm learning helping people to invest in real estate in Detroit. How to find areas with value, excellent realtors that know Detroit backward and forward, how to build funding here to invest and creative investment strategies. Find us on FB and IG YourDrivenLocal and leave me your email address in inbox or DM. I will add you to my list! :)
@@TamaraRasheed
Rosedale is a great area to invest in. The homes in Rosedale/Grandmont can't be rebuilt at the prices they are selling for. New those homes would cost half million and up. The new homes in midtown are selling for $500,000 and are nothing when compared to Rosedale.
I sensed shock and awe in Graham's face. Yes Graham, you've entered the twilight zone 😟
This was really interesting. Thank you for sharing and shining a light on this very interesting city.
That was fun. I feel like I got to hangout with two of my favorite RUclipsrs.
3:14 “I like these old style stairs because look at how thick this oak is nothing is this thick”
Has he seen big trees?
Ultimate Ninja: Ninja King he said people don’t make anything thing this thick unless you pay the price 🤦🏾♂️
Uber driver: BUY KEVIN’S REAL ESTATE PROGRAM!
Great video! 👍 I’m from the area and enjoyed watching you guys discover Detroit!
I think this one of favorite videos. I enjoy looking at houses and this was ever so interesting it took me on a trip to Detroit with the type tips everyone needs. Loved it! More I say👌💕✨👌
Shocking in a good way, there's cheap real estate in many places with super low crime stats. Example: My primary purchased this year for $15,500 in Memphis Texas.
Another example: last year I bought an investment property with my best friend and his wife that was a 3 bedroom 1 bath approximately 1, 000 square feet three outbuildings and a enclosed carport for $21, 500. It was a VA repo and all it needed was a 12-foot section of sewer line replaced and appliances and some paint and floor covering we did some other updates but it didn't have to have those updates.
I forgot to mention where the 3-bedroom 1-bath was it was in Raton, New Mexico.
The music was so dramatic... there are neighborhoods like this all over our country.
Melissa Zamarripa I know he make it like detroit is war zone
Especially the whole rust belt area. Most of the industry is gone and so are the jobs!
Thank you for this video! I also have seen houses worth a couple grand and am looking to invest in the Detroit area and was thinking of checking it out myself. Seeing guys out in the neighborhoods gave me an idea of what to expect.
I love Graham. He gets me so motivated I look up to him. I assumed he was short... but now I’m like... DAMN 😂😂😂 he’s still the bro tho
You two should buy that home as an experiment, keep careful track of the costs, and see if it could be a decent rental
Actually part owner of 4 properties there and just closed on 2 more properties. its a great rental market. Many areas have been cleaned up.
26:12 The little kid in the background was left behind by the parents 😂 I guess that's why kids get lost a Lot in USA
lmao best outro still frame
Wow that's crazy
If you look hard enough you can imagine how lovely those homes once were. It is the same deep in the Appalachian Mountains were I live. It is very depressing but you gotta have HOPE, for sure💚
@anis maghnawi why lol
This was a brilliant video segment; as a city planner this was a delight to see. Cheers!