Please contact me regarding a property that I have lined up in Detroit. SB willing to give us the property for the amount owed which is $55,000; allegedly needs about $7000 of work to bring it up to ARV of $66,000. It is on Roselawn Street in zip code 48204.
Cork, This came out of a call to an investor who has a property in my area (Charlotte, NC). That property is currently tied up but he wanted to exit the property in Detroit. The investor is in Maine (???) I don’t know his reason for owning the Detroit property.
Have you found realtors that are easily “trained”?
If you would like, I could do a value check for you. Unless, this home is in a well desired neighborhood, which I can’t tell by zip code, I wouldn’t touch it. You can buy homes in Detroit for 5,000 or less. Detroit is block by block. You have to have a person who knows the area. Tracey