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Updated over 1 year ago on . Most recent reply

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Bruce Lynn
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Bruce Lynn's profile image
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Bruce Lynn
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Bruce Lynn#2 Real Estate Agent Contributor
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Tax Liens & Mortgage Notes

In 2012 Bill McMachen bought all 645 Macomb County, Michigan tax sale foreclosures

Bruce Lynn#2 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
Posted

For the dirt-cheap price of $4.9 million, McMachen bought all 645 tax-foreclosed properties in the county, including 403 residential properties in 2012.   What did he do with all those?   Did he make any money?   Does he still have them or the land/lots?   Spent $4.9million at the tax sale, so average $7600 per property.

https://www.huffpost.com/entry/bill-mcmachen-macomb-county_n_1739062

Detroit, Michigan
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Will Sifert
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Will Sifert
  • Investor
  • Covington, LA
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Quote from @Bruce Lynn:

For the dirt-cheap price of $4.9 million, McMachen bought all 645 tax-foreclosed properties in the county, including 403 residential properties in 2012.   What did he do with all those?   Did he make any money?   Does he still have them or the land/lots?   Spent $4.9million at the tax sale, so average $7600 per property.

https://www.huffpost.com/entry/bill-mcmachen-macomb-county_n_1739062


Cliff hanger..... I thought the article you linked to would tell us how it turned out lol  
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