All Forum Posts by: Richard S.

Thank you for the feedback on this, Please let me know if you have anybody in the area that is willing to purchase this property.. I am looking to sell asap! 

All 3 people that have looked at the property all have said they are willing to make offers only because it is in a good neighborhood...

Well.... I have had a few people go over to the property to send me pictures.. its in bad condition.     I am now debating on listing this with a Realtor or just doing my own marketing to find a cash buyer..... Any suggestions? 

Thanks for the honesty ... how much do rentals in this area go for ?

I was hoping for 25k return on this, I may have to go check out the property and see if this is reasonable!

Lets assume the house is in horrible condition what type of cash offer can I expect?

The property is on Bramell st 

Yes please send me property managers in that area! Thanks

The deed was transferred to me from a business partner as a good gesture..... I have not got an estimate on repairs, I live in Arizona so I have not made it to that area yet.

My plans are to fly out look over the property get a few estimates on repairs.

Do you think I should spend the money to fly out myself and inspect this property or should I just call around to have people give me estimates from out of state?

I recently acquired a free and clear single family home 3 bedroom 1 bath 950 sqft in the Redford area of Detroit..zillow est $43,000.. The previous owner explained to me that they had renters in the property but since then a water leak in the roof happened from a vent in the kitchen so there is water damage.... also the property is now boarded up and secured..

What would be the first thing you would do?  should I invest money to fix and rent? should I sell now? should I hold for a couple years and wait?

I live in Phoenix Arizona no real estate experience... 

Thank you for all the suggestions