I am the Broker/Owner of Accepted Realty in Wayne Michigan. I have been working with investors for the last six years in this market. We have seen the prices in Detroit come down to where they are less than a used car. There are two things that you really need to look out for. First the property taxes. They are high, but some are higher than others. Second is the neighborhoods. In Detroit one street may be fine, but the next has several burned out or boarded up properties. I also help my clients to get there properties fixed and rented out. We have many people from states all over the country coming to us to purchase not only in Detroit, but surrounding areas as well. You are really right on with this one. Thanks for mentioning us!

Hey Mandy, maybe you can make a guest post about real estate in specific areas. What do you think? Marc

Thanks for the plug, we will take good care of you. It is ironic that you discussed the 8000 tax credit, just finished doing a 30 minute radio show on the credit, how it works ,the best use of it. In closing I just wanted to say that I have read the business credit bible and have used the strategies to assist my company in building substantial business NO PG in a short period of time. It works it you follow the system A-Z. Chris Shaw CEO My First Michigan Home www.Myfirstmichiganhome.com

I can buy homes in Jacksonville, Florida all day long for $!)K or less that need 5,000 to $7,500 in rehab and are 2/1 or 3/1 but you have to have cash, as you can't get a morgage for less than $30,000. If you connect with USDA & FHA, and your big city helping options for people who are buying for the first time in certain zip codes, you can buy and resell and have a Win-Win-Win situation These are REO's or Real Estate Owned by the bank and are empty When you connect all the dots, and help people, everyone gets a good deal That's why I am on this blog; to build business credit, so I don't have to ask other people for the money FUNNY! When you need money, no one wants you, and when you don't want any money, and are making money, everyone wants you to help them make money (The well to do anyhow) I can buy homes in my county north of Jax, for 40 to 50 cents on the dollar 40 to 50% LTV of ARV (Loan To Value of After Repaired Value)

Sorry that was suppose to be $10K or $10,000 all day long Guess I knead to proof reed first, eh?

I am a hard money lender in Atlanta, GA. If you don’t have quite enough business credit to pay all cash you can still use business credit for down payment on a private money loan. With a hard money lender you get the purchase price and rehab capital. Hard money lenders can do many things a traditional bank will simply not do in this market. Then you can turn around and refinance or sell and make profit and do it over again. We only do business in GA. BTW- This is a great blog. I have followed Marc for a long time now. Great Job on rebuilding Marc

thanx a lot jason hopefully, we will work together soon

Hey Guys This blog is very exciting. Mike we will need to talk soon becuase I want property in Detriot as well. I'm here in Atlanta and have family in Jax...so everyone who has responded. I'l need to connect with all of you...Things are coming togetherreal well for me and it's time to give back.... Rob

RM How is your personal credit?

Guys this is open to anyone, the discussion was started by Mike/Marc well here you go, I have REO Bank Contacts TAPE with title in hand and they come with WARRANTY DEEDS! this just in REO TAPE 1: 22 Homes MI (Detroit & Flint) BPO (recent for Quick sell)---> $257,050 Your Price-----------------------> $155,000 22 houses for 155K I mean really think of the rental for the year on 22 homes...All interested please let me know!!

I need contact info!!

Help, does anyone know of a good private lender or hard money lender. I am seeking capital to get into real estate investing. Thanks, Debbie

Marc, what are the name of Company's that report to DNB? I've invoiced to several and found that Uline is the only Compay that has shown up so far. Any feedback would be appreciated. Frank