All Forum Posts by: Robin Hall

Hello Investors,

www.WeBuyMichHomes.com is selling our interest in the following:

6016 Hilliard Road, Lansing MI 48911

Price: $35,000

Realtors - Add your fee (whatever you like), over and above the asking price.

Property Details:

Year built:1951

Beds 2

Baths 1

Square Feet: 923

Winter tax 2015: $305.75

Summer tax 2015: $1,443.51

Features:

Most of the time a great deal needs work, However, this one is turn key.

Large front yard.

Work needed:

Turn key, (garage floor could use refinishing)

Potential monthly rent: $700-$775

Cash only. $2000 Non-Refundable Deposit. Buyer to pay the standard closing cost.

Showing given priority to those with offers.

Please email Talton Hall with questions or to make an offer.

[email protected]

BUYER to confirm all details

Do NOT contact the owner the property is under contract.

I'm looking at a small multifamily. The owner is open to creative solutions like seller financing or a master lease with option to buy.  I'm leaning towards seller financing to lock in a rate somewhere around today's currents rates. There are 3 buildings. I would like to leave the mortgage in place and have the owner finance the remaining amount. This sounds tricky for my second multi-family unit. How would I structure this or do I need to explore subject to in respect to the mortgage. I know it's unlikely but the bank could call the loan (which could scare the owner). How to I keep this as simple as possible and present two offers, One master lease option, and one seller financing option.

Thanks @Aaron Kite the range I saw on zillow was 600-800 but that was just a quick check. I wanted to see what the boots on the ground had to say.

What is the market for cash buyers in 48911, Lansing, Ingham County?  The property that I'm considering is a two bedroom ranch that is turn key. Two bedrooms scare me but if I can create a scenario where it cash flows then it will be a solid cash flow investment. How is the rental market in Lansing? How are the housing inspectors in Lansing? What are cash buyers willing to pay in Lansing? The housing commision states that market rate for a two-bedroom is $854. Is that true to the market? Or is it higher or lower? 

http://www.lanshc.org/FindHousing/VoucherPrograms/HousingChoiceVoucher.aspx

What is the market for cash buyers  in 48911. The property that I'm considering is a two bedroom ranch that is turn key. Two bedrooms scare me but if I can create a scenario where it cash flows then it will be a solid cash flow investment.

Hello, I'm just about to send out my first direct mail campaign touching 2,000 prospects. So I hope we both are successful and we will be. I'm in the same boat. I want properties to flip myself or partner with other investors to flip. My question is what is KPI?

Potential Properties to buy wholesale with 50% Equity. Single family homes, owners or absentee owner.

A list for wholesale marketing. 

@Account Closed 

Hello BP, I'm very close to pulling a list for a wholesaling marketing campaign, I wanted to get feed back on Listsource and the competitors. Is listsource the best bank for my buck. Who are the alternatives and what are the pros and cons of the alternatives?

Market to investors, cash buyers for the last 5 years, consult a couple of realtors, maybe you can find some folks in your area on BP!