All Forum Posts by: Richard Dunlop

Valid points on both sides just one small point to correct.  Real Estate Agents do not work on 3% or 6% commission on the low price properties.  Most likely a flat fee commission of $2500.

When I first started buying houses in Michigan I saw banks sell houses for $100 and pay $2500 flat fee commission + $1000 selling agent bonus after also paying $1500 property management fee to watch the house during the 6 month right of redemption. 

If you evict the temporary tenant by name I bet the host score drops a bit.

Why aren't you renting both units on AirBnB?

Glad I was able to add a smile to your day. You and @Bill Bodziak are both invited for our next run just head South and meet up with us somewhere along the I-75.

You're moving to LA to start a RE wholesaling business in Chicago...

I would of never thought of that.

Now I’m speechless. I am flattered that your First, Second and Third post are all in my thread.But please read the entire thread.

Earlier I posted that if you bought from a Turn Key seller you probably gave away More than 80% of the deal without even knowing it.

I d be happy to look at the specific property you are interested in, if you send me the address by Private Message.

Be VERY CAREFUL! DO NOT SEND ANYBODY MONEY without knowing the full details of the Title!

In Detroit you need more than just a Property Manager!

Here is the Zillow charted value of a house I own.

Here is the Zillow charted value of a house two houses down.

These are for the same time frame what is the difference?

The tax appeal that cut my taxes to less than 1/5 of what they had been appeared on their site. So for the past 90 days the one I own looks like a lead balloon, but we have had 3 record high price sales within 2 blocks in that 90 days.

If you're doing completely passive investing then do it inside of a Roth IRA for tax free investing. Generally depreciation is a temporary benefit that would be recaptured at some point. (exemptions are 1031 and death)

I started my "Defending Detroit and Michigan" thread:

Defending Detroit Thread Here

because people have real weird concepts about Detroit and Metro Detroit. This one is a Classic.

Metro Detroit has problems Yes But it also has Single Family Homes that would sell for $10,000,000.00 in todays down market.

Yeah we regularly ride our skateboards the 60 miles down to Toledo to rob and pillage.

The only annoying thing is all the $500,000.00-$1,000,000 houses we have to ride by to get to the $40,000 houses we like to target in Toledo!

Keith I have noticed in the past that sometimes your contact info gets removed by the moderator. Post it in your signature AND disclose above your post your relationship with Hubzu. I have gotten good deals with the forerunners to Hubzu.

Hope you end up with another happy buyer.