Home Buying in Detroit : Questions & Answers

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Catalina, Other/Just Looking in New York
Catalina answered:
i have a budget of approx 15k. is this enough money to start flipping ok homes in ok areas of the city regularly?
Hi Daniel
I m selling a Multi Family Home $15,000 cash in Dedroit, MI
Send me your email for more info
0 votes Share Flag Fri Apr 18, 2014 Home Buying in Detroit
Michele Edwa…, Real Estate Pro in 48080
Michele Edwards answered:
does anyone know if owner/agent for 17305 Muirland is willing to do a lease with an option to buy.?
Hello Rachel,
This is a new listing and the comments do not give any indication that the owner is open to a lease to own situation, but as an agent AND an investor, I always say "Make ... more
0 votes Share Flag Sat Apr 12, 2014 Home Buying in 48221
William Bieke, Real Estate Pro in Grosse Pointe Farms,...
William Bieke answered:
Any hope for mortgage loan with bad credit?
Is there anything you can do to raise your credit rating? I am a lawyer as well as a Realtor, let me know if I can assist you at all.

From my experience your credit score needs to ... more
0 votes Share Flag Thu Apr 10, 2014 Home Buying in 48236
Howard Pascoe, Real Estate Pro in Michigan
Howard Pascoe answered:
is it leagal or appropriate to have realestate transaction to a LLC company by paying morgage with the LLC provided morgage? any risk if using QCD?
Its not uncommon for investors to purchase homes in a LLC and finance them. Is this what you were asking about?
0 votes Share Flag Thu Apr 10, 2014 Home Buying in Detroit
John Reeves, Real Estate Pro in San Diego, CA
John Reeves answered:
I live in California and I am looking to purchase a multi family home in the suburbs of the Buffalo NY area.
Check these links for your search:

http://www.realtor.com/realestateandhomes-search/Buffalo_NY/type-multi-family-home

http://www.homes.com/for-sale/buffalo-ny/multi-family/

htt ... more
0 votes Share Flag Sun Apr 6, 2014 Home Buying in Detroit
Jeremy Alexa…, Real Estate Pro in 48207
Jeremy Alexander answered:
How do you find Land contract homes in Southfield, MI. I am only working with $3000.00 and a recent bankruptcy
Bankruptcy...no problem. The down payment....could be a challenge. Typically in Southfield......prices are 50,000.00...and mortgage companies normally won't finance until 2-3 year ... more
0 votes Share Flag Wed Apr 2, 2014 Home Buying in 48223
infoallcityh…, Both Buyer and Seller in Los Angeles, CA
infoallcityhome answered:
I'm a out of state investor looking to buy an income generating property. Should I look for foreclosed property or tenant occupied already?
Good Morning,

I have a company I just started and we are looking for investors to purchase properties that we have under contract for 50/60 percent below market value. We will obtain ... more
0 votes Share Flag Tue Apr 1, 2014 Home Buying in Detroit
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
How can I find sellers willing to sell homes through a land contract?
Sure, it's realistic.

Here's a link to a blog I wrote on how to find lease-options: http://bit.ly/findaleaseoption There are some structural differences between lease-options and lan ... more
0 votes Share Flag Fri Mar 28, 2014 Home Buying in Detroit
Pam Sawyer, Real Estate Pro in 48044
Pam Sawyer answered:
Looking for names of towns or cities near Detroit that do not require an ACR and when purchasing a house, and still have really cheap houses.
Your have received very good advice. The short of it, you will not be able to find a home outside Metro Detroit for 6k. The reason Detroit is offering that price is they know the homeo ... more
0 votes Share Flag Thu Mar 20, 2014 Home Buying in Detroit
Ronald Reyes, Real Estate Pro in San Diego, CA
Ronald Reyes answered:
I have a question will my credit score hinder me from moving ?
Yes, it definitely provides leverage, to finance a home you need credit, income, and down payment. You may struggle a bit on one or the other but the other 2 have to be really strong. I ... more
0 votes Share Flag Tue Mar 18, 2014 Home Buying in Detroit
Ej Joier, Home Buyer in Ferndale, MI
Ej Joier answered:
1 missed payment
Hi,

700 Credit Club can help you!

Through a collaborative partnership with other non-profits and private and public entities, we are able to assist credit-challenged families secu ... more
0 votes Share Flag Mon Mar 17, 2014 Home Buying in 48223
Ej Joier, Home Buyer in Ferndale, MI
Ej Joier answered:
Looking for a house or condo to rent with the option to buy or on a land contract.
Hi Scott,

Have you heard of 700creditclub.com?

700+ Credit Score and Free Home Buying Program.

Check out : http://700creditclub.com/700CREDITCLUB/presentation.html

For more ... more
0 votes Share Flag Mon Mar 17, 2014 Home Buying in Detroit
Ej Joier, Home Buyer in Ferndale, MI
Ej Joier answered:
My credit is really bad and I am trying to get a mortgage. Are there any companies that do a loan for a low credit score?
Rachel,

700 Credit Club can help you!

Through a collaborative partnership with other non-profits and private and public entities, we are able to assist credit-challenged families ... more
0 votes Share Flag Mon Mar 17, 2014 Home Buying in 48221
InstantEquit…, Both Buyer and Seller in Oak Park, MI
InstantEquityWholesalers answered:
I'm looking for a 3 bedroom home in the 48228 zip code for around $3,500 dollars. Does anyone know a real estate company with houses for sale.?
Might have something for you. Call or email 248-254-7864 instantEquityWholesalers@gmail.com
0 votes Share Flag Mon Mar 17, 2014 Home Buying in 48228
Harvey Madis…, Home Buyer in Cloudcroft, NM
Harvey Madison answered:
im looking to buy 8942 petoskey, but there are people living in the house.how do i know if any one has bought the house.?
Dear Janice (Ms. Jackson if you're nasty), You can always tell squaters from legitimate home owners. Were these people squatting down as you spoke with them? It's a tell-tale sign. ... more
0 votes Share Flag Fri Mar 14, 2014 Home Buying in Petosky-Otsego
Harvey Madis…, Home Buyer in Cloudcroft, NM
Harvey Madison answered:
I would like to see some pictures of the inside if possible.
Sorry, Susan, it's not possible. Due to massive time-space anomalies inside the home, cameras are useless.
0 votes Share Flag Fri Mar 14, 2014 Home Buying in Petosky-Otsego
Dave Dehn, Real Estate Pro in Detroit, MI
Dave Dehn answered:
I am looking for a house in East English village, Corner stone. It would be investment to rent.
we have a home at 5908 Lannoo, Det. 48236, near St John's Hospital. rented for $950. great renter. will sel fore $55,000. 3 bed, 1 1/2 bath, brick colonial, garage, finished ... more
0 votes Share Flag Sun Mar 9, 2014 Home Buying in Detroit
HelpUBuy Ame…, Real Estate Pro in Coppell, TX
HelpUBuy America answered:
I want to buy a good house
When you want to buy a home the best place to start is to hire an EXCLUSIVE Buyer Agent, not just a Buyer's Agent. EBAs only work with homebuyers and there is never a conflict of intere ... more
0 votes Share Flag Sun Mar 9, 2014 Home Buying in Detroit
joe, Both Buyer and Seller in Detroit, MI
joe answered:
Is it necessary to purchase property under a company name better than indivudual names to avoid the tax problem for decendents?
We always buy in he name of an LLC that is prepared and waiting to make the offer. We buy almost exclusively HUD/REO types, so if we decide to wholesale the deal, we still can by just ... more
0 votes Share Flag Thu Mar 6, 2014 Home Buying in Detroit
Duane Davis, Real Estate Pro in Detroit, MI
Duane Davis answered:
I want to buy a home in Detroit
Hello Valentina

There are many AMAZING homes in Detroit that are also great investment opportunities....BUT IT IS VERY IMPORTANT that you partner with and agent WHO REALLY KNOWS THE ... more
0 votes Share Flag Mon Mar 3, 2014 Home Buying in Detroit
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