All Forum Posts by: Gilbert Dominguez

when you have the cash there are so many things you can do better to earn big money. I have one such project i can. Dominguezgilbert7@gmail inform you about that can double the money for early investors and earn a minimum of 30% for all others who have cash the point is cash is king and has the power to earn big

If you are willing to pay $50,00.00 for a turn key two bedroom one bath with rents of between $550.00 to $700.00 Per month I will sell you my 2  bedroom with $20K down . If you are interested get a hold or me some how. 

I would take my time, 6 months will go by before you know it and honestly you are probably looking at 6 months no matter what you do. Take your time getting started with a nice investment nest egg will pay of over all the coming years

Detroit is a great area for cash deals and be on the look out for new polices for Vet owner occupant. If you are disabled and service related you might be in for a tax break. They are trying to pass a law now in Michigan to have service related vets own property without ever paying property taxes. 

Listen being poor does not necessarily mean being bad. However be aware that there is evil and by its nature evil will destroy whatever you are trying to build no  matter how good your intentions. Do your best to stay away from obvious bad areas . Well I mean super bad because in general most of Detroit is bad unless you are upper class and investing in the best of the best. There are still allot of hard working folks in Detroit with a sense of pride of ownership and pride in their life style if they are renters you just have to take the time to get familiar with the areas that are still civilized. 

Whatever you do if you invest in Detroit housing make sure the surrounding neighborhood or neighborhoods are in relatively good shape because while you can improve one house its unlikely you can do much with an entire neighborhood. It make sense to buy properties where people still want to live and come home to. Affordability is one thing but its another thing to risk your life. Stay away from gang ridden neighborhoods because what you will need to spend on security will be more than you can earn in rentals plus there is the risk of physical harm to both you and your property. Choose neighborhoods with a large percentage of home owners, those seem to be the neighborhoods and streets where you will still find respect and allowed to live with dignity in relative safely. 

I am an architectural designer. Please write to me and let me know what are you considerations at this time for plans. I can work up plans for you to submit to the city. 

First thing is to find a lot in an area you would like to live in. Next step is to go down to your local building department and local assessor's office and get the assessor parcel number for that lot. Then ask your building department to look that lot up for you and find the zoning for that lot. That will tell you if you are looking at a single family home lot of a multi-family zoned lot. If is it in a residential area chances are it will not be zoned for commercial use however if the lot is close to the down town area it may be zoned commercial but whatever the case you will be able to verify that once you get the assessor's parcel number. Then you should ask what are the property set backs on that particular lot that means how much land you must leave open at the front, back and sides and how much you of the lot you can cover with building and how much has to be left free with nothing on it like maybe 50% or some number like that. You should ask if there are any easements on the lot meaning right of ways established for whatever reason but frequently those right of ways are created to give the adjoining lot access to a publish road or a utility company access for their service equipment. You then need to know about the kind of soil you have at that lot and if there are any drainage issues. 

You will also want to know if any improvement on that lot need to have a city council approval or if your neighbors will have any right to say anything about the kind of improvements you can make legally on that lot like how high the building can be etc. 

You should also ask if there are any municipal service at the location or near the property line to your lot like city sewer, water, gas and electricity and if now what you will have to do to get those service there. Ask if you will have to have a septic system and what are the requirements for a septic system if you will need one. You want to have all this information long before you really consider buying the lot. Of course you should also check with contractors in the area to get an idea as to what they would charge you to build a house on the lot including a garage, discuss all matters with your local building and planning departments. They usually can do a good job of cluing you in on what all you will need. 

You are making a very dangerous assumption and that is that this house is exactly the same as the houses that are selling for $400K in the same location. A mouse can be standing right next to an elephant but just because it is right next to the elephant the mouse is certainly not the same things as the elephant and with real estate properties can be very different even if right next to each other. 

There is allot you are not saying here and maybe that is because there is just that much you do not know and $200K is allot of money to be doing something where you just do not know everything you do need to know to properly evaluate your deal.