He thinks he can flip a historically registered church for $79K? He's insane.
The Diocese of London has a nice historical church--Our Lady of the Rosary at Riverside and Drouillard--for sale for $1 right across the river with a nice view of downtown Detroit and Belle Isle. http://wp.dol.ca/webportal/diocese/news_detail/1/9/218
Rumoured that Al Capone personally visited and donated money to the Church to keep the lights on at night to help with rumrunning.
Only condition: need to provide proof of funds that you have $1.8m to do the needed repairs to this heritage church and sign a contract that you'll do them. And that church is in really good shape and it sits an a million dollar parcel of land.
There are so many former catholic churches in Detroit and Windsor that can be had for next to nothing. Churches also tend to be on some of the best parcels in the city and we've had some of them knocked down for plazas, but once it has a heritage designation, you can't knock it down and they're too expensive to maintain. It becomes a white elephant.
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