All Forum Posts by: Jeff Weaver

@Darius Kellar Yes, I have 17 SFH in pontiac. Performing well. Kicking around selling some.

11 homes $ 642k, rent income $115,860. Per yr ( @100%)

All but 2 are rented.

Thinking of selling part of my portfolio in Pontiac, Michigan, Must be cash, ( No seller financing) seller buying another property doing a 1031, buyer needs to be a little flexible on timing as there are a lot of moving parts to do this.

All professionally managed. With a great property manager.

50 S. Marshall, Pontiac 48342 Rent $850 vacant Sell price $55k

https://www.zillow.com/homedetails/50-S-Marshall-St-Pontiac-MI-48342/24411089_zpid/

70 S. Jessie, Pontiac 48342 Rented now $895 Sell price $55k

https://www.zillow.com/homedetails/70-S-Jessie-St-Pontiac-MI-48342/24410531_zpid/

84 W. New York, Pontiac 48340 Rented now $725 Sell price $50k

https://www.zillow.com/homedetails/84-W-New-York-Ave-Pontiac-MI-48340/24399897_zpid/

100 S. Marshall, Pontiac 48342 Vacant rents for $850 Sell price $55k

https://www.zillow.com/homedetails/100-S-Marshall-St-Pontiac-MI-48342/24411099_zpid/

81 N. Merrimac, Pontiac, Mi 48340 Rented now $825, Sell price $36,000

https://www.zillow.com/homedetails/81-N-Merrimac-St-Pontiac-MI-48340/24405657_zpid/

173 W. Ann Arbor, MI 48340

Rents for $875, Sell price 83k

Vacant now, Almost done with the turnover to re rent.

https://www.zillow.com/homedetails/173-W-Ann-Arbor-Ave-Pontiac-MI-48340/24403339_zpid/

1198 Neafie ave, Pontiac, MI 48342

rented $ 1015, sell price $58,000

https://www.zillow.com/homedetails/1198-Neafie-Ave-Pontiac-MI-48342/24409247_zpid/

195 w. Columbia ave, Pontiac, MI 48340

Rented $ 825, sell price $65,000

https://www.zillow.com/homedetails/195-W-Columbia-Ave-Pontiac-MI-48340/24403670_zpid/

203 w Columbia, Pontiac, Mi 48340

Rented $ 825 sell price $65,000

https://www.zillow.com/homedetails/203-W-Columbia-Ave-Pontiac-MI-48340/24403668_zpid/

31 n Eastway, Pontiac, Mi 48342

Rented $975 Sell price $55,000

https://www.zillow.com/homedetails/31-N-Eastway-Dr-Pontiac-MI-48342/24409831_zpid/

929 Kettering, Pontiac, Mi 48340

rented $995 sell price $65,000.

https://www.zillow.com/homedetails/929-Kettering-Ave-Pontiac-MI-48340/24401870_zpid/

11 homes

Total Yr rent ( 100% rented) $115,860. ($ 9,655. per mo)

Total sale price $ 642K Must be cash / Mortgage (no seller financing) 1 transaction for all.

Jeff Weaver

Cel 248-496-0026

Jsw48442@yahoo.com

@Michele J.

Are you still interested in rentals in pontiac Michigan?

I have a few I may part with. Good cash flow. professional manager.

let me know

Jeff weaver

Yes AG MANAGEMENT forepm.com Two four eight 335. 7 three six eight

I like Pontiac Michigan. Lots of 2% deals. Easy to rent. In the center of The wealthiest county in the state. I’ve done well there. The city management, police department, fire department, and schools have been overhauled. And there is a lot of new interest in downtown development. I can only see value’s going up. Jeff

Hello all!

I’m looking for a syndication that will provide a monthly cash flow, Allow for the use of my 1031 proceeds, And at the end (2-10 years?) Allow me to 1031 into another investment.

Any syndicators out there?

I'm looking to invest up to $450k and would like to be a passive investor (1 of many) in a large project, I would need the project to be ready to move soon.  

If you are aware of any syndicators with experience in this area who are currently working on raising capital for a project, Please pass on my information.

Thank you

Jeff Weaver

I had previously posted this in the wrong forum and it was deleted :-(  My apologies....

Alan, 

Is this property still available? Im looking to buy several SFH ( cash) in the area

It is less expensive to break a window glass then kick in a door. And it’s easy to fix.

Up date : My just bought a place at crystal Mountain.

Hi Leigh, Welcome to BP! I’m a investor in Michigan. Michigan has a lot to offer, have a look at the city of Pontiac. It’s the lowest price area in the wealthiest county in the state. You can purchase a $40-60k 3/1 and rent it for $800-1100 mo. Theses same homes were selling for $80 k+ in 2006. values are slow to come back but are on there way. ( rents recovered faster then value) There are good PM’s in the area and lots of tenants. Good luck Jeff Weaver