Investment Info:
Single-family residence wholesale investment.
Purchase price: $127,300
**Charming 1941 Home with Clinton River Views**
Step into a timeless charm with this 1941-built single-family home in Macomb, MI. Spanning 1,386 sqft, this residence offers comfort and potential. Enjoy views of the Clinton River and the adjacent Burning Tree Golf course. For more information, inquire today!
What made you interested in investing in this type of deal?
Positioned as a solid exit strategy, this property boasts a contract price of $127,300, presenting exceptional value. Its attractive ARV of $260,000+ reinforces its investment potential, promising a promising return on investment.
One of the standout features of this property is the minimal rehab required, estimated to be between $25,000 and $30,000. This cost-effective renovation ensures that the property can be transformed into a sought-after living space without breaking the bank.
How did you find this deal and how did you negotiate it?
Discovered this opportunity while driving for potential properties and successfully negotiated with an out-of-state seller who had limited English proficiency. Established contact with the owner's son, ultimately facilitating communication through translation.
How did you finance this deal?
Locked in the property with a solid contract at a killer price of $127,300, and guess what? I'm about to assign my interest in this deal for a cool $150,000. That's how you play the real estate game, folks! It's not just about the property; it's about the hustle, the grind, and turning those numbers into some serious cash flow. Get ready to see me turn $127,300 into a fat $150,000 payday! Let's make those deals happen and stack up that paper!
