Following the general theme of lemons into lemonade, let’s discuss investing in Detroit. What I am going to say will be pretty specific to Detroit. The general principals will apply for investments in just about any USA city as it is all about due diligence and understanding the local market.
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From Wikipedia:
“A term used for a number of concepts, involving either an investigation of a business or person prior to signing a contract, or an act with a certain standard of care.”
“It can be a legal obligation, but the term will more commonly apply to voluntary investigations. A common example of due diligence in various industries is the process through which a potential acquirer evaluates a target company or its assets for an acquisition.”
Facts & Things Unsaid
“When the facts change, I change my mind. What do you do, sir?” John Maynard Keynes When reading ‘the news’ you have to be careful about what you take away. Just because something is reported does not mean it is correct. I am not saying anything is necessarily incorrect. Just
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