Residential Real Estate Agent · Ionia, MI · Member since 2008 · 9 posts · 1 vote
Hello, my name is Brett. I am a Realtor in Western Michigan, and a small time investor who would love to someday become a big time investor! I am currently employed by a top 40 broker in the country, who primarily deals with foreclosed property and investors. We sold 160 properties in 2007, and are on our way to selling 300+ in 2008.
I have flipped a couple of homes myself, but would love to invest on a larger level, creating some cash flow and a portfolio of properties. This site seems to be filled with lots of educational, motivated people with the same goals and aspirations. I can't wait to meet you all, and contribute in any way possible!
Yes, I can put offers in on many of the REO properties we list....however, I cannot put offers in on HUD homes that we represent, nor can I put them in for any family.
We have seen HUD homes go for $100, listed at 20k...or listed at 85k and sold for 25-30k. Many of the banks like to stay within 80-85% though...The great deals however, don't last long enough to negotiate on,
Yes, there are many properties that come on the MLS as great deals. Some are negotiated into great deals, and some are introduced to the mls as great deals (which usually don't last more than a day).