I grew up in gary. My father got us out of there in the late 70;s. If you can live with thugs, gangs, drug dealers and everyother type of criminal then gary is where you should be.
The area called Miller Beach is on the shores of Lake Michigan. If you love the view of all the steel mills polutinf the water then this beach is for you.If you want to send your children to war on a daily basis then the gary schools is where you should send them. I lived in gary for 20 years which all were the worst days of my life. I vow never to step foot in gary ever again and my children will never have to see the injustice i had to witness at a very young age.Anyone advising you to in vest in gary has a screw loose.... more
lots of variables to the answer. are you looking to buy a multifamily and then rent out part and live in part. or are you looking for what can you expect to pay for a rental? i deal with a lot of investors in the gary area and may be able to help you on either situation.... more
Wholesale means you got a hundred million cash and you can buy whole loan portfolio ( Or real estate owned portfolio) for cash. A portfolio is a bundle of hundreds of loans ( or hundreds of defaulted houses )
You don't buy solitary houses "wholesale" any more than you walk into the General Motors plant and buy a single car "wholesale"... more