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Call us : (248) 506-9426
EXTRAORDINARY INVESTMENT OPPORTUNITY!
These homes are for rehabbers who want investment property but need a rehab loan to purchase and repair the property.Click here to view properties.
This extraordinary program will give investors up to 70% of the after-repair value to cover the:
- Purchase Price
- Repair Costs
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Loan Costs
So, if a home is worth $100,000 after repair, the loan works like this:
$100,000 after-repair value X 70% loan = $70,000
-Purchase Price: $40,000 -Repairs: $25,000 -Loan costs: $5,000 Total: $70,000
New Value: $100,000 -Loan Payoff: $70,000 Potential Profit: $30,000
Properties available for this program:
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6000 Neff Detroit, MI 48224
Beds: 3 Baths: 1 Exterior: Brick Sq. Ft: 1000 Repairs: $12,000-$15,000
Approximate Value: $110,000+
Price: $28,000
Comps (less than 6 mos, less than 1/2 mile):
10130 Duprey Det, MI $78k 5951 E Oldtown Det, MI $125k
5760 Kensington Det, MI $155k
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19355 Rutherford Detroit, MI 48235
Beds: 3 Baths: 1 Exterior: Brick Sq. Ft: 1000 Repairs: $15000-$18,000
Appraised Value: $110,000
Price: $43,000
Comps (less than 6 mos, less than 1/2 mile):
20307 Murray Hill Det, MI $88k 20060 Murray Hill Det, MI $95k
19177 Saint Mary's Det, MI $125k
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15703 Ferguson Detroit, MI 48227
Beds: 3 Baths: 1 Exterior: Brick Sq. Ft: 1200 Repairs: $20,000
Appraised Value: $95,000-$105,000
Price: $34,000
Comps (less than 6 mos, less than 1/2 mile):
15455 Oakfield Det, MI $99k 16760 Archdale Det, MI $132k
16587 Mansfield $125k
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17600 Runyon Detroit, MI 48234 Beds: 3 Baths: 1 Exterior: Brick Sq. Ft: 1160 Repairs: $10,000
Appraised Value: $93,000
Price: $40,000
Comps (less than 6 mos, less than 1/2 mile):
17884 Beland Det, MI $78k 11445 Engleside Det, MI $103k
18101 Teppert Det, MI $115k
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Call to get into the properties: 248.506.9426
Fax offers to: 313.557.1775
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14512 Sussex Detroit, MI $40,000 Beds: 4 Baths: 1 Exterior: Brick Sq. Ft: 1500 Repairs: $15,000
After-repair Value: $110,000-$115,000
SOLD
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1351 Bertha Ferndale, MI $52,000 Beds: 2 Baths: 1 Exterior: Frame Sq. Ft: 1200 Repairs: $13,000
After-repair Value: $115,000-$20,000
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14050 Winthrop Detroit, MI $35,000 Beds: 3 Baths: 1 Exterior: Brick Sq. Ft: 1000 Repairs: $23,000
After-repair Value: $95,000-$97,000
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2610 Caledonia Westland,MI $38,000 Beds: 3 Baths: 1 Exterior: Frame Sq. Ft: 862 Repairs: $12,000
After-repair Value: $96,000
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See something you like? Then start an application!
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Credit score: 620+
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Call to get application started: (248) 506-9426 or toll free: (866) 914-9756
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Documents needed:
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2005 & 2006 Tax returns
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Past 3 months bank statements
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Last 3 asset statements: 401k, IRA, etc
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Get approved for the loan
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Close and do a happy dance!
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