Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago,

User Stats

4,079
Posts
1,596
Votes
George P.
  • Property Manager
  • Livonia, MI
1,596
Votes |
4,079
Posts

#29 rental was purchased today

George P.
  • Property Manager
  • Livonia, MI
Posted

We purchased #29 on monday. it's located in garden city, michigan. between westland, redford, canton, livonia and dearborn heights.

it's a 3/1.5 bath, basement, no garage. super outdated. 

this was a strange one. it was a short sale. it came on the market at 40k. got a ton of calls, i made the highest offer of 50.1k. the owner accepted, the 2 banks said "no, it's going back on the market at 69.9k"

long story short (long ordeal), 2 months later, we got it for 64k.

we wont start on it for some time until we fix up 27, 28. we are backed up with some of the work that we are doing for other investors on BP that are using us for their updates/rehabs.

my goal was 35, then i was going to quit my fill time job. i dont think i can get there with the current market conditions. but i will try. no additional pictures of the home yet. 

Loading replies...