www.macombinvestments.net | A Real Estate Investment Company

    Foreclosures in the Macomb County real estate market are becoming abundant with the layoffs of the auto industry. It seems that there are so many out there for an opportunity for people to buy cash and not have a mortgage or a chance to make some money. There are many things for an investor to look for when seeking a deal not only in this market but to be successful in there finances.

    The first thing that I noticed is don’t fall in love with the property for looks, look at the numbers and make sure it works in the books. You could have a house that is less desirable but makes your pockets look better than paying to much and turning everything into a mess in your bills for that property. A house is a business. Of course you want to get the house up to code and get it nice for your tenants that’s a given. There are so many properties that can make good rentals you need to first seek out the property, do your math, and then make the decision if it will work for you.

    I lost money buying to high in a market that was just ready to fall in 2007. I bought at the wrong time and it hurt my pockets for doing so. You never want to put your self into that position. Since then I have bought 17 properties and work in the business for a living. Taking a look at deals and being able to analyze the deals is so important and to know your market. My first deal I hade no knowledge of the market I was excited to keep moving forward and get something done. I take the blame. I take the blame because first I went to a market not understanding. I needed to seek for people who were doing high number in the market already. I made not good choices when it came down to it. I can say today as I am moving forward to the vision the company has planned that I have people that I get advise from that are people who are seasoned investors. They understand the market see the opportunity go for it and come out on top. Just like my self.

    If you know the market that you are working in then you can realize that there is money to be made. For landlords and property flippers I suggest you know the market and do your deals with people that have experience in the business. I know that I made the mistake also working with somebody that didn’t understand the market and I’m sure his investor knowledge wasn’t that of a successful one either. I noticed when you are working with like minded individuals and find the ones that are moving to be successful then you will get the right knowledge because there understanding of business is were they want to please you because they want you to keep coming back which in the investor game you are always looking to help people get more and more deals. If the first deals goes wrong then there is no reoccurring business on the other end. Almost like residual income in a sense.

    If you are in Macomb County real estate market or another market my suggestion if you are a first time investor or looking to get further in the market find some people who are actually buying real estate not just one or two properties a year because they don’t understand all the strategies that investor can use. Not because they are stupid they just haven’t done them yet. I suggest find some good wholesaler, brokers, and realtors which are doing good business. This is an awesome market to get involved in and can be a time to get your finances secured with a nice return on investment (ROI). Don’t buy to please the eye buy the house keeping in mind that the home becomes a business and successful business owners have to keep the budget correct to keep the business gaining a profit. Make sure the number line up. The purchase price is sound, the fix up cost is within budget, and the taxes aren’t off the wall after they aren’t homestead any more . If you are looking for deals go to http://www.macombcountypropertylistings.me/  you will also get more information on investing as well all for free!!! The free being the information not the property. Let blessing’s be your portion!!!!!

Ryan Froelich
Strength Management LLC
www.macombinvestments.net
Ryan@macombinvestments.net

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