All Forum Posts by: Jeff Helm

Hi Jazmine, I’m a licensed agent in the metro Detroit area and can help find you a home via lease with option to buy. I have done this for many clients. Please email me your number, we can discuss your criteria and I can get started. Thanks

OK, will do when I get back in the office or you can call me at 248-875-3010. Thanks

High cash flowing 4 plex in Oakland County.  3-1 BR units and 1-2BR unit, full occupancy.  Each unit separately metered for gas and electric.  Tenant pays water bill ~$1,200 for the year.

Cash-on-Cash of 33% when purchased with financing, 20% down 30 Year Amz and 5% interest rate. 12% Cap rate

Proforma is Here:  https://docs.google.com/spreadsheets/d/1S-AR44YOWU...

@Cara Lonsdale Thanks for the reply.  I did use the bid room for my material purchases for these rehabs.  The 2% rebate savings of $600 was in addition to the savings I received by using the bid room.  

I found that the REI 2% rebate program to be extremely helpful in my last couple of rehabs. I spent over $30,000 at Home Depot and received a rebate check of $600. If you are doing lots of rehab and repair work, or own several rentals I would sign up for the program. You also get additional discounts on paint and appliances.

http://hd2percent.com/landing/jeff/

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Hello, when I started I did not have much money or credit. I started using creative strategies like sandwich lease options and subject to's. it worked out great for me in Michigan. If you want more information about these strategies check out this site https://wendypatton.com.

I like Millennium Property Management in Clarkston. They manage all of my properties in northern Oakland county and Fenton properties.

For simplicity I would just file your LLC in Michigan. Michigan is a landlord friendly state, it cost you $50. I wouldn't get wrapped up in filing LLC or S corp, or C Corp as out of state entities.

I recommend David Helm in Plymouth. He assist me in all my real estate needs.