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Updated over 6 years ago,

User Stats

10
Posts
23
Votes
Donald Guraj
  • Contractor
  • Saint Clair Shores, MI
23
Votes |
10
Posts

3 unite house in Hamtramck, Michigan for 50,000$.

Donald Guraj
  • Contractor
  • Saint Clair Shores, MI
Posted
Hello everyone I am reading and watching about real estate for the past 10 months and I think I am ready to make my first step and purchase a rental property. This 3 unit house that I found in Hamtramck, Michigan for 50,000$. The estimated repairs are around 10k. And the value of the house after the repairs it comes to little over 100k as of the market right now, and there is a tenant In the lower unit paying 600$ a month Numbers looking good the only problem is that i can’t get a loan on it because of the repairs. Any thoughts and ideas about the property and to how can I get a partner for this project. Thank you in advance

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