All Forum Posts by: Jeff Lipple

Just dropped price to $34,500 from $39,000!

just dropped price to $79,500 from $85,000!

Hi @Wayne Mack just sent you an email with some comps.  You can be added to my buyers list at 

cashformihome.com/investors.html

If there's anything else I can do to help, let me know!

Hi @Shayne Hastings I'm a full time wholesaler in south east Michigan and come across many deals in the suburbs surrounding Detroit (not that actual city of Detroit itself).  Although there are good opportunities in small pockets of the city, I don't recommend out of area investors putting their money their, you could end up in a situation like Saul described.  If I were you I'd look into areas that interest you in the suburbs of Detroit and then ask local landlords (not people trying to sell you a property) of their opinion of the areas.  Then find deals that work for your numbers in the good areas and use a good property manager or purchase turn key properties like @Robert Syfert offers.

Hi @Matthew McCall-Stillman There are some great meet ups in Metro Detroit.  Metro Detroit Real Estate Investors Group just met in Troy last night.  Renegade Detroit Investors usually meets the first Tuesday of the month.  MREI is meeting this Thursday.  Feel free to reach out if there's anything else I can do to help.

Hi @Marinus Snyman welcome to the forums.  I'm a full time wholesaler in south east Michigan.  Feel free to message me if there's anything I can do to help!

Hi @Matt Harris and @Chris Ramos I'm a full time wholesaler in Metro Detroit.  Feel free to reach out if there's anything I can do to help.

@Robert Syfert is a good person to reach out to for turnkey properties in Michigan.

Hi @Brian Wobbe if you are looking at rentals down river or 696 and south.  I'd highly recommend Epic Property Management ran by @Josh Sterling who is a very successful buy and hold investor and does everything with a high level of professionalism.  If there's anything else I can do to help feel free to reach out any time.

Hi @Siyan Tan I'm a full time wholesaler in Metro Detroit.  Feel free to reach out to me for contacts or any questions you may have.

Hi @Haseeb Awan I'm a full time wholesaler in Metro Detroit.  Although I would say 30% is not common you can definitely come by those properties.  Section 8 properties and the city of Detroit is probably where you are seeing those.  I personally avoid both of those, but I know people that choose that strategy and do it successfully I just personally don't want to deal with it, especially if investing outside your local market.  To give you an idea on some recent numbers I've personally dealt with.  I recently sold a duplex in Roseville which at the sale was renting for $1,250 per month and sold for $66,500.  I also sold my own personal duplex in Kalamazoo (west side of Michigan) for $59,000 that was renting for $1,425 per month and a bungalow sale pending that is rented for $835 a month for $30,000.  I think the best thing is to speak with other landlords in the market you're interested in and they will tell you their opinions on certain areas.  If there's anything else I can do to help, let me know.