All Forum Posts by: Jean Norton

Both properties are rehabbed - One has a land contract for $23.5k and the other has a tenant at $600k. Both paying on time.

19634 Dresden, Detroit Michigan 48205 (Rented at $600)
7446 Westwood, Detroit Michigan 48228 (Land Contract at $23k)

Or make offer

Welcome!

Health issues force the sale. Both properties at $35k - cash flowing at $1100/month - one on a land contract at $23k.

I have 2 rehabbed cash flowing properties available in Detroit. $35k for both properties. One is a land contract at $23k earning 11% with a 7 year balloon, the other free and clear and rented at $600/month.

I do! Join me on Saturday at 4PM Central where my guest will talk about her strategies that have resulted in a 90% success rate that gets that house SOLD! - Registerhttp://jeannorton.com/jeanscalls. And it's NOT about price.

Hi Con,

Depending on your state, it's most likely taxes hasn't been paid on the property. You can see if you can get the property for taxes?

You and the seller need to realize that everyone must win. If comps are at $400k, then your price needs to be there. Cap rates vary by area, so 13% doesn't mean much if the other townhouses are at 20%.

IF you can get it to a reasonable price, then ask them to consider seller financing - they can get the income they are used to without the headaches.

You have to listen to his problems. What is his motivation? If you can solve his problem quickly he will sell you the properties.

Great interview coming up next Saturday with this lady that has tricks up her sleeve that results in a 90% success rate after taking her advice. Register http://jeannorton.com/jeanscalls

Tele-Meetings every Saturday at 4PM Central time.