The answer is absolutely YES. How? Start by taking a look at the short, 1 minute video below. It shows the next home that I’m looking to add to my portfolio of long-term rental properties. It’s an all brick, 3 bedroom, 1.5 bath bath home in Harper Woods, Michigan that needs absolutely no rehab whatsoever. It also happens to be in the best school district in the entire state – Grosse Pointe. Homes on this…
The News Keeps Getting Worse – Which Means There Has Never Been a Better Time to Get Started Buying.
This result was not unexpected – there was supposed to be the last huge number or ARMs readjust in March. What’s surprising is that this time last year the pundits and analysts were talking about the real estate market taking a bath in Q1, but then after that the market was supposed to improve. Regardless of the timing though, there has never been a better time to jump in and start buying. Prices have never been lower,…
Latest Buy – Closed Yesterday with over $60,000 in Equity!
Can I find one for you? Here’s the property that I wrote about a couple of weeks ago. 3 bedroom, 1.5 bath all brick ranch home in the best school district in the state – Grosse Pointe. Roof, furnace, central ac, and water heater are all like new. As are all the appliances that were included. This home also has a full, partially finished basement, a two car garage, fenced yard, and a three season…
The Building – Part II: Fannie Mae Strikes Again
And I’m STILL waiting for the seller’s 2007 tax returns. In the mean time, I’ve been working on getting my financing squared away. What a nightmare this is turning into. Before I even finished negotiating the PA I interviewed six mortgage brokers and called around and talked to a couple of others. I settled on two, and began the process of getting a hold of the elusive “Commitment Letterâ€. Now from my residential experience this…
Wisdom – In a Beer Commercial
Simple and profound. Go figure . . . . .Â
The Building – Part I
I know that this post is long overdue. As the next step in my Apartment Quest series I’ll tell you about the building that I’ve been “buying†since the middle of April. I had heard that this was a long process, and I had heard that it was filled with capital “D†Drama, and so far the experience and process has lived up to it’s billing. I finally hooked up with a great commercial real…