All Forum Posts by: Joshua B.

 Also, I know of a good builder in the area if you need recommendations.

 I'm generally anti-broker (even though I have my license), but it's helpful to have one to put emotional distance. That's been my experience. Easier to negotiate for both sides when they're working through someone else. 

Feel free to direct message me if you have any specific questions. I'm a broker and an attorney.

@Patrick Ford - is this in Ann Arbor?

Nice deal. I saw another 8 unit that went up for sale in Pinckney a number of months back. Probably right around the corner from yours. Ended up going for like 500-550k I think, so a bit too rich for my blood. Good luck with the new buildings!

 Btw, I used Fink & Fink in Ann Arbor when I needed eviction help in Ann Arbor. They do a lot of that and were very reasonably priced.

 I've bought a few in Ann Arbor, a few in Plymouth, and one in South Lyon. None in Ypsi so far, even though I'm from Ypsi. Your last name is familiar. I think my parents may know some of your relatives that go to Knox Presbyterian. 

 If you used the standard Washtenaw County land contract form, he'll be in default if you made him pay for taxes. Downside for you is that getting a land contract vendee out is more akin to a foreclosure than an eviction. Definitely a pain in the hind end for you and will cost you some money. 

If it's in a cool part of Depot Town I may be interested. 

 You buy that drug house on 7th St with a bad foundation and fix it up?

 Kit - looks like it's only 60 feet wide, so you won't be able to build two houses on it. I wouldn't tear it down. Not worth it. I'd just fix it up really nice. Could probably get $1350-1500 per unit if you do it up well. Are  you going to live in one of the units?

You're going to need to check with the city to see if you can build. "Almost" a double lot isn't the same as a true double lot. If it is indeed a true double lot, and there's an existing duplex on it, there's a decent chance that it's zone multi-family. So, you may be able to tear down and build two duplexes. That's definitely what I'd do in your shoes, assuming you're legally able to do that.

@Sarah Lorenz has some good stories of builders downtown making an absolutely killing in these situations. What's the address?