All Forum Posts by: Arsen Atanasovski

@Drew Sygit your on the wrong website if your talking anything good about Detroit this place just downgrades it especially David Green!!! But your 100% right!

Send me your deals.

@Drew Sygit that’s a good question, I manage some properties but at this large scale I would have to source it out. But need money guys first:)

@Scott Wolf I have a few deals, one that I can move forward with today would be 61 units mixed in Detroit, consisting of duplexes, single family, and couple apartment buildings all from one seller. Selling price is $2.5m gross income is roughly $500k+ a year in rent. Seeking short term lenders, eventually refinance parts of the deal or sell off into small packages. 

Hello BPers,

I have a few deals going and need funding partners for 24-36 months if anyone is interested let me know what you have and your rates , looking for private lenders not bank lenders. Thanks

I have a good BRRRR deal but lenders have restrictions here are the numbers if anyone is willing to lend on it let me know.

purchase price is $72,500 (wholesale fee is $30,000) ARV $136,000 rehab is roughly $30,000. Rents are $1400 to $1600

I can do your Oakland county and I have someone to cover your Wayne but no one in Jackson 

@Drew Sygit aw come on man! Don’t give all our secrets lol! What’s wrong with Cali I hear Compton is great for flips lol

In 2008 we had the RE crash, now people that our buying have an “inflated paycheck” I’ve seen people I know personally move 1-2 jobs in 6 months and jumped their pay 20% per move. Once supply runs out jobs will be laid off. Where I live people seem or they just want to think everything is all good, when I ask the question they stare at me like I’m the devil, example most of my friends and family work for the car companies I ask them the simple question. Your dealerships have no cars for sale how long will this last until the money runs out? And then your job runs out? The way they get paid is selling cars if you don’t have the product that generates your income how long will that pay last? My opinion there will be a job crash soon and then all the people that bought their over priced RE will be in trouble. My thoughts.

Wasn’t getting personal just giving an example but if $3000 or $5000 or whatever your number is that’s not making the deal Happen then cancel your deal, you have no obligation to pay. 

Good luck on your listing! Hopefully you find the right buyer or agent.