#21 Rental property closed yesterday!
Closed yesterday, 3 bed 1 bath Bungalow with a basement/garage in Redford Michigan.
Redford is a suburb of Detroit, close to Westland / Livonia / Dearborn / Garden City / Canton / Plymouth area.
Paid $58k. Went under contract back in August, was tied up in Bankruptcy court and took a long time to close.
I paid cash and am going to refi cash out with a local credit union once it is fixed up and leased out, then buy another house with the $$$. Classic BRRRR method. Should appraise for about $90k
Needs a roof and a few other things. About $10-15k in rehab, already started going full blast on the rehab day of closing!
Here are some pics
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Real Estate Agent
- KJ Manage