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Updated over 1 year ago on . Most recent reply
#2 Real Estate Agent Contributor
- Real Estate Broker
- Coppell, TX
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In 2012 Bill McMachen bought all 645 Macomb County, Michigan tax sale foreclosures
#2 Real Estate Agent Contributor
- Real Estate Broker
- Coppell, TX
For the dirt-cheap price of $4.9 million, McMachen bought all 645 tax-foreclosed properties in the county, including 403 residential properties in 2012. What did he do with all those? Did he make any money? Does he still have them or the land/lots? Spent $4.9million at the tax sale, so average $7600 per property.
https://www.huffpost.com/entry/bill-mcmachen-macomb-county_n_1739062
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Quote from @Bruce Lynn:
For the dirt-cheap price of $4.9 million, McMachen bought all 645 tax-foreclosed properties in the county, including 403 residential properties in 2012. What did he do with all those? Did he make any money? Does he still have them or the land/lots? Spent $4.9million at the tax sale, so average $7600 per property.
https://www.huffpost.com/entry/bill-mcmachen-macomb-county_n_1739062
Cliff hanger..... I thought the article you linked to would tell us how it turned out lol