Here’s the latest deal that I’m working on. It’s pretty incredible, and it’s an indicator of just how UNBELIEVABLE the opportunities are today in the Metro Detroit suburbs.
The property:
- 3 bedroom, 1.5 bath ranch in Harper Woods
- New roof
- New furnace
- New replacement windows
- Newer ac and hot water heater
- Central Air
- 2 car garage
- Sun porch off the back of the house
- Full basement, half of it finished (the half bath is in the basement)
- All appliances included – stove, refrigeration, washer, and dryer.
- All brick
The best part? Grosse Pointe Schools
Purchase Price: $70,000
Rehab needed: $0. This is a turn key rental – the only thing this homes needs is smoke detectors.
Sale comps in the neighborhood are around $120,000. Rental comps are in the $1200 per month range. I’m planning renting it for $1100 because I like to rent them up fast.
There’s another one on the same block in BETTER CONDITION that can be purchased for about the same price.
Why do rehabs when I can find LISTED properties in this condition that can be rented out the DAY AFTER you close on them? They’re in such good condition that you don’t even need a property manager!
Are you interested yet?
Part of my CashFlow Mercenary business involves finding good, solid cash flow properties for others and helping them get started in the CashFlow game.
But it isn’t for the weak.
If you’re ready to attack this real estate market with GUNS BLAZING and EXPLOIT it SHAMLESSLY for your family’s financial future then send me an email TODAY and let’s get started. You can participate in the CashFLow game without even lifting a finger.
The only thing that’s certain is that this market won’t last forever.
Email me at dennis@MichProps.com.
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