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New Michigan Foreclosure Task Force - 02/28/12 04:15 AM
Courtney Alen from says recently, a new squad, Michigan Foreclosure Task Force has been set up which reported that in the years from 2006 to 2010, Michigan has lost a large number of homes in foreclosure and the total value of these properties is nearly $63 billion.
This task force handling foreclosure issues is working together with the Community Research Institute of Grand Valley State University. They have launched a website together which is delivering the statistical report of foreclosure crisis in this region county wise.
A member of this task force, Steve Tobocman said that there were nearly 400,000 properties in Michigan which had … (2 comments)
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[FREE Webinar] How To Find & Flip Foreclosures With None of Your Own Money & You Keep All of the Profits - 02/27/12 04:16 AM
CLICK ABOVE FOR YOUR PRIVATE ACCESSS*ONLY THE FIRST 100 WHO REGISTER WILL GET A PRIVATE ACCESS CODE* FREE Webinar Reveals. . . How To Find Em & Flip Em - A Once In 4 Years "Leap Day" Webinar To Help You Make Sure You're On Track In 2012 To Get Your Hands On Some Huge Foreclosure Profits date: Wednesday, February 29th time: 8:00 p.m. est till 8:30 p.m. est ★How an “accidental” – yet amazingly simple -technique allows you to outshine your competitors and buy houses faster and cheaper ★3 practically unknown secrets that will … (3 comments)
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Only Made 2 Offers And 1 Was Accepted - 02/19/12 06:24 AM
Beat Your Competition
Are you sick and tired of hearing “There are no good deals out there right now”?
I know that I am.
Yes there are a lot of factors that exist today to slow down the flow of foreclosures that are available to us as investors. From Fannie Mae’s First Look Program to HUD’s “exclusive” to homeowners only it is tougher to snag a property than it was even 2 short years ago. Then how is it that as the title of this article states I’ve made 2 offers in the last 30 days and had 1 accepted? That’s a 50% … (0 comments)
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Detroit Michigan Home Sales Rise 7% For January 2012 - 02/15/12 08:29 AM
Metropolitan Detroit home and condo sales grew 7% in January from a year earlier, according to Realcomp.
Median sales price grew 5.3% to $63,150, as non-foreclosure sales rose 9.2% to 1,906 in the metro area. Foreclosure sales saw a smaller increase by 4.5% to total 1,589.
January continued an upward sales trend for metro Detroit after a modest 2.2% increase in all of 2011.
Sales in inner Detroit, which includes the suburbs of Hamtramck, Harper Woods and Highland Park, rose 11.4% from a year earlier. Median sales price dipped 10% to $9,000.
Cash sales made up 50.2% of all sales measured by … (0 comments)
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5 Sneaky Details You Cant Miss When Rehabbing Your Michigan Foreclosure - 02/13/12 10:18 PM
So you’re walking through the supermarket shopping for some fruit cocktail for a quick desert for you and the kids tonight. As you walk down the canned food isle you come up on your possible selections. There’s the black and white can with red stripes that simply reads “fruit cocktail” for 49 cents. Then there’s the store brand which has a picture of some fruit whose tag lie is “always fresh” for only 79 cents. Finally there’s the Del Monte can is full blazing color. Lush fields in the background with beautiful pineapples, a cherry tree, and a ripe peach … (3 comments)
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31115 Belmont Ct in Beverly Hills, Michigan 48025 in Birmingham School District - 02/06/12 09:32 AM
MORE PICS HERE
Custom remodel in Beverly Hills with Birmingham Schools! Top location in private culdesac. Solid Cherry chef's kitchen including prep sink, built in refrigerator and combo wall over/microwave. All new STAINLESS appliances with miles of granite.Master suite with custom woodwork and huge walk-in-closet, amazing tile work in private bath with stand up shower. Wine bar in formal living room.New front load washer and dryer also included. FREE home warranty
… (2 comments)
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Split Focused Real Estate Investing Starategies Ususally Ensure Failure - 02/06/12 09:06 AM
Unless you utter the words “I’m a full-time real estate investor, and I’ll I do is buy, fix, flip, wholesale, rent, and sell houses all day every day”, plus have a team of about 6 strong employees, it’s very difficult to implement 3 different investing strategies at one time with success. I wrote this article because every month, week, and day I speak with different REIA of Macomb members and they’re all over the place in terms of what they’re doing. They may be trying to do sandwich leases, wholesales, and full rehabs all at the same time. The most … (4 comments)
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How A Two Dollar Investment Can Make You Five Thousand On Your Next Michigan Real Estate Investment - 02/06/12 09:04 AM
If you haven’t noticed rehabbing is back…in a BIG way. What’s rehabbing? My definition is buying a house, repairing/updating/& finishing it to the maximum allowable by neighborhood standards in hopes to sell it for the highest realistic price. That’s a mouthful.
If you don’t already know, selling houses retail is a delicate balance between budget & final product. There are a lot of variables that play into your end profit.
1. Purchase Price2. Rehab amount3. Rehab time4. Rehab quality5. Rehab style
Let’s pretend that you have all of those already figured out. If you even paid attention to the title … (2 comments)
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2012 Michigan Market Turnaround - 02/05/12 11:56 AM
As we kick off the 2012 real estate investing season only one word comes to mind…TURNAROUND! In the first week of the year RealtyTrac came out with numbers proving that foreclosures are at their lowest point in 7 years in Michigan. What does that mean for us Michigan real estate investors?
Well if you’re not on the front lines day to day as I am you may have missed that over the last 12 months the trend to buy, fix, and completely rehab to the nine’s is what’s producing the highest profits for investors. There are quite a few different … (0 comments)
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9 Out of 10 Buyers Find Their House Online - 02/05/12 11:55 AM
Flip Houses The Easy Way
I got my chops busted everyday when I first stepped into the professional world by my sales manager. He used to have to beat it into my head that you have to give the customer what they want-not what’s necessarily best for them. He had a saying, “Don’t fight it, write it”. What he meant was if the customer asks you for something, give it to them and don’t try to change their minds.
So now I ask you-Are your houses you are flipping, wholesaling, or renting (yuck), being advertised online on your website?
If you answered No, then you … (2 comments)
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If You're Not Flipping You're Losing - 02/04/12 12:50 PM
Good News for Flippers-Bad News for landlords
Recent statistics from the leading source in our business (check out the blue highlighted section above) , Realtor Magazine, show that the Metro Detroit region has lost 13% in housing values over the last 90 days alone. This means that if you are holding residential real estate you are losing money as you read this, and maybe lots of dough.
It depends on a few different factors;
1. What type of property is it?
2. What city is it located in?
3. Where does the school system rank?
4. What percent of houses are non-owner occupied (rentals)?
… (7 comments)
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The #1 Mistake People Make On Their Real Estate Investing Website - 02/04/12 12:48 PM
The #1 Mistake You Can Make On Your Website Having any kind of web presence is always better than having none. That being said, if your site sucks and doesn’t help you achieve what you’re trying to achieve then it’s basically useless. Below I’ll breakdown 3 separate websites that all came up when I searched for “We Buy Houses”. Whether you’re new to Michigan real estate investing or an old grizzled pro, you should all have “We Buy House” websites active right now.
Let’s go from worst to best. My opinions are strictly based on my own success using websites to … (4 comments)
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Dylan Tanaka- REIA of Macomb
Warren,
MI
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Michigans #1 Real Estate Investor Club
Office Phone: (586) 275-7342
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