River Rouge Michigan; Question - Posted by Downriver Brian
Posted by Downriver Brian on April 26, 2006 at 16:43:01:
I heard from my hard money lender the other day to be careful of investing, or helping other investors, to invest in River Rouge, MI.
His reason was that the city is saying that if the rehab costs are too high, they won’t let you fix the house!!!
Now this sounded strange to me, as River Rouge isn’t the pretties cake in the bakery. Why wouldn’t they want the area rehabed? I’ve heard of this in Dearborn, but that’s a different animal.
Can anyone confirm or deny this info on River Rouge??