We love to direct investors to the Western Wayne County because the price point to rent is still very attractive without the downside risk of 36th District Court in the city proper, or the challenges of an uncooperative city government like Warren. 

House is free & clear.

**Financing Risks:** High-interest rates on pre-construction loans can impact your overall return, especially with rising cost of capital.

I've never bid on an foreclosure auction before and I was surprised the bank would risk losing the property to tax default....but maybe they just want rid of it either way. 

The answer depends on how good you are at painting and how much free time you have.

I bought these properties cheap, had them fixed up and not have they appreciated a lot that also generate a nice tax free cash flow that goes back into my IRA to be redeployed into more properties.This is a huge tax free money maker. 

Feel free to reach out.

@Basit SiddiqiAgree for example would you rather have 13% net but deal levered 75% or a deal no levered at 8% net.On a 100k investment I would take the 8% deal every day as I will gladly pay an extra $5,000 to reduce my risk substantially since in option 1 the deal can go to zero in option 2 realistically it would be really poor management if it lost more than 10-15% of your capital.

Feel free to contact me if you’d like more details. 

I thought this was a lot of money until another of the companies told me they charged $10,000 for their instructional/mentorship program.I guess it’s a deliberate decision to give us for free almost…almost…all the information we need…but not the last piece of the puzzle.