Detroit Property Scam – houses sold as investment properties lie derelict around the bankrupt city incapable of being tenanted. A range of Irish investors are affected.
A Detroit property listed for sale by a UK company for US$44,000 looks a bargain, until you find it listed for US$8,500 on the US MLS system. Be very careful with US Foreclosures – all is not as it seems.
Eddie Hobbs is currently promoting investment in US Property widely in large ads across the Irish media – is this something the average investor should consider?