All Forum Posts by: Account Closed

Where are these located?

I think I may have one for you, I'm sending it over.

@Skip Gilliam First, I would be doing exactly what your are doing now and that is networking on Bigger Pockets. 2, Detroit is a great market to invest in because of low property prices. The values are estimated to double soon. Meaning If you missed this wave of 10K properties that is nearly over, although there are still some. You can create passive income by purchasing a home, rehabbing it and rent it out or get in the business of flipping homes. I suggest reading into it and I'd be happy to answer any questions. 

Please let me know how this works out, I have heard several mention this strategy, also I have a contact where you can purchase these lists in any state of people looking  to sell there homes.

@Eugene Mar I have several investors that would be interested. Please send me a list if possible. I do many transactions in the 48221, 48223, 48219, 48235 areas

@Dante Pirouz yes were is the location?

If you have not seen in the media, heard on the radio or read in an article what is going on in Detroit and you are an investor, I am here to tell you my personal opinion and advice. First, I have clients from all over the world and to these people this market is a no-brainer. Where else can you purchase good, solid, Brick homes for 25K FREE and CLEAR. Silence. I want to educate those who have heard negative things and those that want to make money because that is the whole purpose of investing. I was born and raised in Detroit, MI so I know these areas very well. I have seen this market turn around and upside down, but I have NEVER seen what is going on now. It is amazing Detroit will be the city that makes Millionaires and as an investor you can't be afraid to make a move you NEED to make the move at the right time and the time is NOW! It is 3 simple steps

1. Build a relationship with a Realtor or someone with (boots on the ground) that KNOWS the market and has a passion for this. You want to deal with someone who cares and will look at your investment like their own, I am not the person trying to make a quick sell for the hell of it because regardless I will make money so that is not my objective. I see this as such a great opportunity for anyone who wants some leverage.

2. You must be ready to perform because the deals with a great ROI are available, If you have been burned it's because you didn't know what you were doing or did not have a good set of eyes advising you to make the right move. What I have noticed is investors will find a deal and not perform because they think themselves out of it. I know what a good deal is and I see them everyday but when I let you know you have to be ready. (Everybody wants, what everybody wants) so trust me I may get the news first but in a matter of minutes a deal can be gone.

3. Numbers, I am going to make this simple math for those that are new and may not understand all the terminology. If I KNOW there is a house currently on market for 185K and there is a rehab right down the street for 25K I think this would be a good investment. Why, you see the numbers. I buy a house for 25K put 25K into it and then sell it for 150K, that is the best fix and flip you can get, It's ridiculous! 

To sum it all up time, location and cost are the main things you need to consider. If you really want to make money in this market 20K and under is gone you will NOT see as good of a return If you have anywhere from 25-50K to play with in the right location, I can't tell you enough how good this is right now. 

Please View Chart

https://pbs.twimg.com/media/CSKiq6UWUAEhJRQ.jpg

People succeed and people fail at some things that's just life, but you have to weigh the risk vs reward and the reward outweighs the risk when you are knowledgeable and have a great team! push on

I wanted to post in regard to the HUD homes in Detroit. Typically I have found that majority of Government owned homes are in better conditions. That being said it is a bidding process, highest bidder wins. What is cool about HUD is that they have several periods where bidding may be open to ONLY Non-Profits and Government Agencies. For those Investors new or old this is a great idea to invest in property

1. You get first pick in the bidding process

2. You can purchase these homes under your Non-Profit

This is a good way for a new investor to start and get the really GOOD properties

Sounds really good, where can I see pics?