All Forum Posts by: Bobby Jobs

All brick 3 Bedroom, 1.5 Bath, 2 car garage, SFR for sale in Redford, MI. Great investment property that will rent for $850 per month at market rates or $1000 per month on Section 8. Requires approximately $8K in repairs if using contractors, much less if you're a DIY. Asking $35K, so this property won't last long, so call or text us at (586) 239-0522 today!

Off Market Detroit Multifamily Investment Property For Sale!

4619 & 4621 Chatsworth St. Detroit, MI-48224

One Unit Rented!

One Unit Vacant

Priced to Sell Fast!

Features

Beds: 4 (2 per unit)

Baths: 2 (Full)

House Size: 1,944 Sqft

Lot Size: 4,792 sqft

Year Built: 1947

Garage: No

Financials

Taxes: $1,708

Rent: $1000 ($500 Per Unit)

Section 8: $1,200

Asking Price: $12.9K

EMD:$1K

Additional Information

Immediate Cashflow!

2 Stories

All Brick Exterior

Obtain a brand new tenant and collect roughly 14-16% ROI!

Please do your own due diligence!

If you are interested, feel free to contact us with any questions. 

Serious Inquiries Only, will receive Full Interior and Exterior Photo Package

Also a Property Financial Analysis

Phone: (586)-239-0522

Email: [email protected]

This Deal is of course first come first serve, and won’t last long at this price!

Send Over A Offer!

Let's get this deal done! ASAP!

Updated Move-In Ready!

Prime Buy and Hold Area!

Priced to Sale Fast!

Features

Beds: 2

Baths: 1

House Size: 1,050 Sqft

Lot Size: 6,970 Sqft

Year Built: 1954

Garage: Yes (Detached)

Numbers

Taxes: $1,652

Rent: $900

Section 8: $1,100

Asking Price: $58.9K

EMD:$2K

Additional Information

Prime Rental Home Area!

Guaranteed Cashflow!

Centerline, MI Home values increased by 15% in this past year alone! WOW!

Obtain a brand new tenant and collect roughly 20-26% ROI!

Please do your own due diligence aswell

If you are interested, feel free to contact us with any questions.

Serious Inquiry's only will receive full info & Pictures Package

(586)-239-0522

• Great Opportunity for ROI!!!
• Great Cash flow Property for Buy and Hold Investors 
• Currently utilized as a multi unit dwelling
• Fully Occupied
• Pulling in$1K/ Monthly
• Current Rent: $500/Monthly (Each Unit) (2)
• Stable Tenant: 2 Years +
• Asking: $50,000

This opportunity is for Serious Cash Buyers ONLY! 

Priced to sell fast and will not be around for long!

Contact Us Today for a full detail and pictures package!

Office: (586)-239-0522  

Beautiful Spacious Off Market Investment Property For Sale!

8104 Dale. Centerline, MI-48015

Move-In Ready!

Priced to Sale Fast!

Features

Beds: 4

Baths: 2 (Full)

House Size: 1,268 Sqft

Lot Size: 7,405 Sqft

Year Built: 1935

Garage: 2 car Detached

Numbers

Taxes: $1,627

Rent: $1,000

Section 8: $1,200

Asking Price: $58,000

EMD:$2,000

Additional Information

Move-In Ready!

2 Car Detached Garage

Updated Electrical

Updated Carpet

Updated Kitchen Floors

Obtain brand new tenant and collect roughly 14-16% ROI!

Vacant at close

Please do your own due diligence

If you are interested and for more Pictures, feel free to contact us with any questions.

(586)-239-0522

Let's get this deal done! ASAP!

Hey BP Nation,

Are there any investors online here that are looking to purchase some below market priced cash flow properties in the city of Centerline, MI-48015?

If so, drop some info and i'll contact you with deals.

Thanks.

Hey BP, 

I recently kicked off a yellow letter campaign for absentee owners in my local market. This is not my first time mailing to this list. The last campaign with this particular list yielded a 10% response rate and only a few were returned to sender. This time i received 0% response rate and a Vast majority of the letters actually came back as return to sender. Once looking over them i realized that the mailing addresses were wrong. My issue is that a lot of these returned letters should be addressed to the absentee owners actual mailing address and not the subject property address. Has anyone ever had this issue with Yellowletters.com before?

All help is appreciated, Thanks.

Hello BP,

I have a potential deal with a seller that has a 3 BR 1 Bath ranch in Roseville MI.

 The house is 1050 sq ft, sits on a crawl and has no garage. 

It was built in 2004 in an area where most houses were built in the 1950s. The overall area is predicted to appreciate at a rate of 4.2% in 2016 and this property may appreciate above the market prediction. 

The house is very clean and only needs about $3000 in maintenance. Its currently tenanted at $850 per month and is scheduled for a rate increase to $900 in the fall. 

The seller has a current mortgage balance of $80,000 and is only looking to get out of the mortgage. His current payments are around $800 based on the mortgage he took out in 2004. 

This looks like it may work for a buy and hold scenario (cash flow and appreciation), if the property could be bought with a 30 year fixed mortgage, 7% or less interest rate, and a 10-20% down payment. 

Based on this scenario, any recommendations?

Hey BP,

I have a potential wholesale deal in an area where most of the surrounding properties were built in the early 1950's. The property that i am currently looking at is a duplex that was built in the 1990's. Should the fact that this property was recently built and there are no close Comps impact the after repair value and subsequently the offer i present to the seller?

Your help is appreciated, and all opinions are welcome.