Is it a good idea to invest in michigan right now? they have unbelievable deals, good or bad?
Michigan is a great place to invest. I live here,it is just different the other places. We have great resources and a strategic location. We now need the state to get out of the way and the economy will turn around and this state again will be the robust economy that it once was and better. I am buying homes that need little to no work for 20-30,000 and can quickly put in renters or rent to own buyers for 650 and up per month. Even though the equity is not high the cash flow is. The last deal that I just completed went like this. Purchase price = 30,000 fix up =0 Rent to own Buyer @ 2000 down and 850/mo Selling price @ 85,000, Mortgage broker says that I can cash out in 6-10 months. Deal are not found they are made.
redhawk