All Forum Posts by: Dakota Cooley

Click HERE - then click the MLS number

TERMS:

CASH or Land Contract acceptable with 50% down

Here is a condo that would make a GREAT RENTAL. With taxes, HOA's and insurance your bills would come to about $200/month. They have been rented in this complex for $825-$850. You could get it a little under $40k too.

I bet the listing broker (who owns my office) a bottle of scotch that it wont sell for $40k or above. So bring those offer sunder $40k now and collect your cashflow. 

Could use a little updating, but it is also rent ready, and is in the same condition all other condos are in that complex. 

Comps from this year are $35,000 and $39,000. 

Come get this bad boy!

@Thomas Smith

Congrats on finding the hotspot of SE MI - I've helped a ton of investors this year acquire rental properties in Redford. Are you looking in 48239 or 48240 zip code? Email me anytime with questions on the market or regarding purchasing. 

Best of luck!

best of luck. I know that area quite well up there if you have any questions!

@Lawrence Henkel III

Hey Lawrence, I have an office in Ypsilanti and would be more than happy to meet up and talk about your situation. I am an investor myself, but my full time job is being the best realtor around :]

If you are considering looking for a rental, and/or selling your current place feel free to shoot me an email anytime. I'd love to learn more about your situation. Bets of luck, and welcome to BP!

there are plenty of options. It depends what you're looking for exactly. Are you in a position to conventionally finance a place? Are you looking for something along the lines of a portfolio loan? Something more creative?? There are plenty of avenues but it depends where you're trying to drive.

GREAT FLIP or, or fix and hold opportunity. 

OWNER FINANCING available for this property in Wyandotte, MI. 

-Asking price: $29,900

-need at least $8,000 down for land contract...LINK BELOW

- http://matrix.realcomponline.com/Matrix/Public/Por...

-For out of area people - this is not Detroit. It is 15 miles south in the downriver area.

-Across the street from Wyandotte public schools

-3 blocks from Wyandotte Shores Golf Course. 

If you're interested in purchasing: message me or preferably email me at [email protected]

@Jeremy Mitchellwelcome to BP and best of luck in your investing career. Always here to help

Hi Christina, email me at [email protected], or call 734-323-8403 - I actually have a list of the top agents in St. Louis who I can refer you to and they would be more than happy to help. 

@Dion Boose welcome to the forums. Redford is actually a good rental market so you have deals right in your back yard. Working with property managers, I've heard the 48239 zip code is a lot easier to rent than the 48240 area. I haven't personally bought anything in Redford, but as a realtor who works with a lot of investors I have got to know the hot rental spots. I just put one under contract with a client in the 48239 area-his second one in the last 30 days-which Leads me to my next point. First deals are exciting and scary at the same time for a lot of people. I took forever to jump in but was glad when I finally did. When the numbers work, they work. But with so many investors buying rentals in michigan, it is driving market values back up. So now really is the perfect time to jump in. If you ever have questions or would like help finding properties I'm always happy to help out. Best of luck to you.

The buyer will be pre approved to a certain amount already. The appraiser, hired by the lending institution, will do an appraisal and give the home a value based on recent sold comps near the subject house. Then the lender will only lend up to that appraised value. So if they have the extra money they could still buy the house, it would just come out of their own pockets. That, or the price is negotiated back to the appraised value. Hope this sort of clears that up.