www.macombinvestments.net | A Real Estate Investment Company

I haven’t seen so many people own multiple homes in all my life. Macomb County real estate is in another dimension right now. regular home owners selling off their homes to purchase another home cash, investors purchasing a house moving in, purchasing another better home then moving into the new one and so on. There is a lot of maneuvering space to put yourself in a great position for the future. Macomb County real estate investment homes are CHEAP.

With so much opportunity to find deals and negotiate property prices beyond already low deals you have to formulate a strategy to your investing. How much do you want to make? What city market are you trying to penetrate? Big houses, little houses? Expensive houses, cheap houses? What you can do obviously depends on how much cash you have on hand. Say you have $25,000, You are not going to be throwing offers on houses that are $100,000 and if you do and get one let me know how you did it. For most cases though when your working with a small amount of cash such as $25,000 your going to want to throw offers on maximum, houses listed at $60,000. It actually is possible to get them over 50% under listing price.

So you’ve got the house, already closed on it and your jumping for joy. What are you going to do with it. You should have had an idea of what you were going to do with it before you bought it but let’s go over that now. You have a few options available if your not going to be living in it. You can rent it, rehab it, or wholesale it. If you decide to rent it hopefully you have low taxes and it needs little work so you can optimize your cash flow. You have to take into account repair that will be needed spur of the moment from time to time (nobody likes a slumlord). Let’s say you did pick up any of the Macomb County real estate investment homes for 50% under listing price. You can take that house, add $5,000 to the price and sell it. BAM that’s FIVE THOUSAND SMACKEROONIES IN YOUR BANK ACCOUNT, OH HAPPY DAY!! Now here is another scenario that is gonna cost you a little more but make you more as well. You bought that same house like we said before, 50% under market value and decide to rehab it. First you need to run some comps in the macomb county area, the city where the house is located, your obviously going to get more for your house in Sterling Heights, Macomb or Utica than you would for selling a house in Warren, Eastpointe or Centerline. After you pull the comps you need to know how much work your going to need to put in it. If your doing a rehab you need it to look gorgeous most of the time, but I’m not going to go into full detail at this time. The main focus is buying the house cheap, beautifying it for as cheap as possible then selling it for a huge profit. You want to make at least $15,000 but that’s still a weak profit for having to go through that whole process.

Overall there is so much opportunity when purchasing Macomb County real estate investment homes. The market is great even though times are tough. The fact is when something gets better usually it get worse for something else. So, I’m sorry you lost your job, but take your 401k and invest in some Macomb County real estate.

Popularity: 13% [?]

In Macomb County condominiums are traditionally the most volatile of real estate investments. Ask anyone who bought condos in the 1970s or 1980s and they’ll show you the financial scars on their backs.

Condos have made a strong comeback in recent years because of the popularity of purchasing second homes, particularly in resort areas, not so much in the Macomb County area, Whether this trend will continue is uncertain, but keep in mind that condos are generally a tougher sell in most areas than single-family homes. And because condominiums involve a homeowner’s association, you’ll have to deal with management issues, rules, and most of the time outrageous costs that may be out of your control.

When buying condos consider your prospective tenant or buyer when you resell. Is this priced so high that your pool of buyers is limited? It may be in the median price or below, but how many people live in one-bedroom condos? Is the development so old that the HOA (homeowner’s association) dues are high and will continue to rise as the development ages and needs repairs?

For the most part, condos tend to fit into two categories – rentable and livable. Cheap condos that rent well often don’t appreciate much in value. You can get away with buying a $50,000 condo and renting it for $500/month forever. In 20 years, it may barely have appreciated above inflation. A different condo near Detroit area may rent for negative cash flow and appreciate less than 10 – 15% per year. On short, the normal formulas that apply to single-family homes aren’t as consistent with condos, which is why investors need to approach condos with extreme caution when purchasing homes in Macomb County.

Look for Limitations when Buying Condos

Be aware that some homeowners association rules restrict the rental of units, so make sure you check the limitations before you purchase a condo that you plan to rent. Also, many lenders have limitations on financing condos, such as a requirement that a certain percentage of the units be occupied by owners.

Popularity: 17% [?]

Please understand the full repercussions of reaping what you sow and the embodiment of death. The life of a deprived mind without the spirit and also, the process of regeneration of the mind into living righteousness and holy. We are called to live a holy life and Mathew 5:48 Be ye therefore perfect even as your Father which is in heaven is perfect. Jesus lets us know that we must live according to God‘s standards which are perfect. Perfect in Greek means complete, be ye therefore complete. Jesus came to preach the Gospel of salvation, that we may know how to act as our father wants us to act. Ultimately dieing for remission of our sins and that we may receive the holy ghost to have power in him. We have a piece of God in us with the Holy Ghost. That is our power that is with us and the way to resist sin and live a holy life. The Gospel is death, burial, and resurrection. The death is repentance, burial is the water baptism, and the resurrection is receiving the Holy Ghost. Many people in this world just don’t believe in the church that being Holy Ghost filled evidence of speaking in tongues is real and that does not show belief in Gods word. So your faith would be made void. It say’s believe in him and do the will of our father. The will is in the book and if you don’t believe his every word than there is no possible way to be justified in God’s eyes. 2 Thess. 2-12 That they all might be damned who believe not the truth, but had pleasure in unrighteousness. Also John 3 17-18 For God sent not his Son into the world not to condemn the world; but that the world through him might be saved. He that believeth on him is not condemned; but he that believeth not is condemned already, because he hath not believed in the name of the only begotten Son of God.

Romans 1:17 For therein is the righteousness of God revealed from faith to faith: as it is written, The just shall live by faith. So if there is no faith in God there would be no justification and therefore you are not saved. God is a Holy God. He is righteousness and expect us to be the same way. Blessings come through obedience and faith in his word. We can only live in righteousness in faith by knowing God. If you don’t have a relationship with God then there is no way to live in the manor God calls us to be. That is perfect, making perfection achievable though it takes time that is were the Lord desires to take all of his people because to become perfect in him means he can take us to heaven at our set point in time. I don’t understand how people can keep a sinful nature and say they walk with Christ. I know when God touched my soul and realized that there was somebody looking out for me that I needed to please him because Jesus is the only reason that I am still living. I gave him my life for I had no idea how to live life on my own. I’m not ashamed nor scared to admit I ask God to direct my every step in life. I follow the unction of the Lords spirit to take me where I need to go. Mat 7: 13-14 Enter ye in at the straight gate: for wide is the gate, and broad is the way, that leadeth to destruction, and many there be which go in thereat: Because strait is the gate, and narrow is the way, which leadeth unto life and few there will be that find it. We must always remember that heaven is the narrow gate and that is where we are heading.

Love is such a difficult word to describe. The love of Christ is a word that would be a broad definition. First if you don’t have the love of Christ there is no possible way to love another human being. 1 John 4:8 He that love not knoweth not God, for God is love. So we know God is love. He loved us so much he sent his only Son Jesus to give us remission for our sins and turn to him and live a Godly life again. This is a blessing to our generation after Christ died because in Old Testament times there was no Holy Ghost to help the people. So Jesus was sent down here to suffer he even faced death for us on a cross as well as persecution. He did this so that God’s children could receive how God needed us to live and how he intend humanity to be from the start. Adam fell to sin Jesus cam and did not sin. Jesus came and preached out of love not to condemn but to turn our hearts to God were the true peace and salvation lives. It’s not a lot to give your life to God when you understand the principals of love. A preacher preaches not to condemn but to set free. To give faith to another human being that there is a God that lives in heaven that cared enough for all man kind that we can be forgiven. The human body was made by God therefore who ever you are when you are doing wrong you consciously know you are sinning. Sins upon sins cause anxiety, depression, bondage let legal access to evil sprits in to your souls. Jesus is the deliver the Son of God sent here to bring peace, love, forgiveness, joy and salvation. His love is a hard love a disciplined love a love that brings you to where you surpass evil and protects you from death. A tough love, a kind love, a love that shows that he truly cares. A love that at first brings Godly sorrow but then pure joy and reconciliation in your lives.

Popularity: unranked [?]

Some have the attitude, don’t submit a low offer and don’t tell them why you submitted a low offer because of the problems with the house. They already know what’s was wrong with the house. Not true

For certain in the macomb county real estate market banks don’t know how bad some of their properties are and if that is not included in the offer then they (the bank) have not a clue at all. The banks are making a decision that results only from the numbers. It is OK some of the time to make the decision on the numbers. But in Detroit’s market the banks are realizing they actually have to know what’s going on. If the bank owns property that is trashed then a buyer should and will be making a low priced offer.

Most real estate agents would rather get and work on an offer that is close to the list price. There is a small number of agents that would rather just buy or sell without getting the best possible deal for their client. That small number of agents want to just make the sale they are the elite and they are making CASH! Less negotiation, less trouble, quicker money in their pockets. But in the Macomb County market the prices are so low. An agent is not acting in the best interest of his buyer if you are not putting in seriously low offer, 30% to 55% below the price listed, if your client is shopping for a deal. It doesn’t matter what the comps are now. this summer the prices have been low because of the the bank owned properties. The banks have to move the inventory and they have moved a lot already, but still they have to lower the price. We do not have enough qualified buyers in Metro Detroit / Macomb County to support the market even with myself purchasing so many properties, like I Love to do so much. If you want cheap properties put in a lower offer that will still get the deal accepted with no inspections as well and your new Macomb County home should be on the way

I have seen sold deals where the bank listed price was $71,000 and sold for the low $30’s. Another 2 were listed in the $40’s and sold for 10 to 15k. Some banks have sent out emails to the REO’s that they were more willing to accept those offers because they had to move the properties

The bottom line in Macomb County Real Estate, Roseville Real Estate, Warren Real estate, Metro Detroit Real Estate, etc… that low offers are being accepted left and right. All the time and I agree that it would be easier to submit an offer closer to the list price to get the deal done but that would be semi-retarded in this market. As investors we are supposed to be getting houses cheap. I can’t 100% for sure predict that home prices are going to continue to drop this year in the Metro Detroit / Macomb County home market. But I really think they will. So let’s keep buying these cheap properties. Hit me up cause we got em.

Popularity: 25% [?]

With the economy in a downturn and Americans becoming increasingly more worried about just how far their dollars will go in the coming years, it makes sense that many would think twice before buying a new home. It seems like all we ever hear about is how no one can get anything for their home, low property values and the impending effects it will have on the macomb county home market. However, out of this tradgedy, one of the best opportunities for up and coming homebuyers has came about, and that’s macomb county bank foreclosures.

Metro Detroit bank foreclosures aren’t normal types of real estate. They’re sold by banks looking to collect on an unpaid debt owed by a previous homeowner. However, most of these properties cost far less through these foreclosure sales than they ever would in a normal market. fact is, most buyers end up savings anywhere from 10% to 60% on macomb county bank foreclosures, simply because they just want them GONE.

And the market for metro detroit bank foreclosures is exploding. Michigan was the states hardest hit by the nationwide surge of foreclosures and Detroit has made up for a huge portion of the overall foreclosure inventory. We have seen it time and time again houses lost and sold, lost and sold . The first month of the year saw an immediate surge, as from December to January, the number of foreclosures in the metro Detroit area grew 40%. We are starting to see less become available but. Hopefully for us and wishfully not for some we see another surge coming, and now you are a little more wise of the situation than last time.

With this trend continuing into 2010, macomb county buyers would be wise to start looking into buying Metro Detroit bank foreclosures if they’re considering buying a house, they may be the only sure deal for the value the market has right now. Finding listings with us speeds up the time it takes to go through a tradition realtor, and we can close 3 times faster. We provide quality but better yet cheap macomb county homes as well as advice for buyers on finding the right deals and best values.

Popularity: 25% [?]

Do you want to know what I’m doing right now. I’m writing a blog, do you know why? because for most blog directories you have to have at least 5 blog entries to even get access to the blog promotion party. Lately I’ve been racking my brain trying to find out as many ways I can to drive traffic to this site. Glad you could make it lol. I was in the process of signing up for 49 social bookmarking sites before my brain started twitching and my hand almost fell off. Yeah I still have 39 to go lol, but one day when I finish signing up for those I will be able to bookmark articles a lot faster and we will have a bunch of quality link backs. I have written a huge amount of articles lately, the pros far outweigh the cons when it come to the work that needs to be taken to get your business up and running and flowing with leads. honestly I just want to buy and sell houses but in order to find lovely people such as yourself, who’s ready to buy cheap properties in Macomb county, work has to be done. So this concludes one of three articles I’m about to write. Check out our properties page and find a house you like and give me a call, don’t let this hard work go to waste!

Popularity: 20% [?]