313 Cash Deals

313 Cash Deals Find cash and wholesale, as well as turn-key rental real estate in Detroit, MI and the surrounding suburbs.

Garden City Ranch *28420 Bock St Garden City, MI 48135..........$55,000..........Cozy two-bedroom, one-bath home in a fa...
05/15/2019

Garden City Ranch *28420 Bock St Garden City, MI 48135
..........$55,000..........

Cozy two-bedroom, one-bath home in a family-friendly neighborhood in Garden City. Kitchen updated 3 years ago. Water heater replaced in Summer 2018 and furnace certified at the same time. Newer two-car detached garage in back. Was rented at $800/month before tenant recently vacated; this was considered slightly under market rent. Included are a newer washer & dryer.

At market rent of $850, represents 13.4% ROI at asking price based on average expenses of $2,865/year (2017 and 2018 average).

2018 Property Tax $1,740.93
Picture Link: http://bit.ly/2VDjuA9

$2500 Non-Refundable EMD

Contact Russ Ming at 248.274.4470 or [email protected] with any questions and showing requests.

3-Bedroom Ranch with Basement in Garden City *28845 Marquette St Garden City, MI 48135*..........$79,000..........Three-...
05/15/2019

3-Bedroom Ranch with Basement in Garden City *28845 Marquette St Garden City, MI 48135*
..........$79,000..........

Three-bedroom, one-and-a-half bath home in a family-friendly neighborhood. Kitchen updated 3 years ago. Furnace certified in Summer 2018. One-car detached garage in back. With two living areas (living room and downstairs entertaining room), this is a perfect house for a small family looking to be in a good school district and close to everything needed.

Currently rented at $950/month + utilities to a tenant who has occupied for 5 years, always pays, and is handy enough to make minor repairs; however, lease is month-to-month and can be vacated. Rental is considered slightly under market rent, which says it could command $1,000 to $1,050/month + utilities.

2018 Property Tax $3,397.55
Picture Link: http://bit.ly/2JJxNMf

Contact Russ Ming at 248.274.4470 or [email protected] with any questions and showing requests.
$2,500 Non-Refundable EMD

*NEW* Marlette - Lapeer County 4/1 on 3 acres *7397 Barnes Rd Marlette, MI 48453*..........$99,969..........Check out th...
05/14/2019

*NEW* Marlette - Lapeer County 4/1 on 3 acres *7397 Barnes Rd Marlette, MI 48453*
..........$99,969..........

Check out this awesome opportunity on this 4 bedroom 1 bath colonial on over 3 acres!

Full basement with a 2nd kitchen 2 Car Detached Garage. Well & Septic. Owned Water softener included.
Over 1600 sq ft of living space.

This home features 4 bedrooms all up stairs, and one bathroom which is on the main level. A master suite or a master bedroom with a Jack and Jill bath to the other bedrooms is possible upstairs. ARV dependent on the level of rehab and what you do with that part.

Keeping it as a 4/1 you would need to add drywall in the one bedroom, paint and flooring through out, and I would change the kitchen counter tops and appliances.

This property is located in the Township of Burnside with Marlette Schools in Lapeer County.

This property is owner occupied so only showing requests with offers will be scheduled. I am prepared to close and rehab this ourselves.

2018 Property Tax $1,945.23
Picture Link: http://bit.ly/2LROZlM

For more information, to make an offer, or to schedule a showing please contact Steve at (734) 272-7004 or email [email protected]

HOT~ Water Hill Neighborhood of Ann Arbor *810 Gott St Ann Arbor, MI 48103..........$279,969..........WOW! Great opportu...
05/14/2019

HOT~ Water Hill Neighborhood of Ann Arbor *810 Gott St Ann Arbor, MI 48103
..........$279,969..........

WOW! Great opportunity on this 3 Bedroom 1 Bath Colonial built in 1935. This house is in the white hot Water Hill Neighborhood of Ann Arbor. This exact house somewhat rehabbed sold for $401K recently. Adding a 2nd bathroom and/or enlarging the basement as many homes in the area are doing could bring in a much higher return as well. Conservative ARV in the current footprint/configuration would be $429K.
The home does need a complete renovation. The roof is good and most of the windows are good, however cosmetically everything else needs updating. Beautiful original woodwork throughout the home is in very good shape. Just some refinishing and adding the 2019 flavors and this could be your best flip ever!

2018 Property Tax $3,419.86
Picture Link: http://bit.ly/2W1fMzL

For more information, to make an offer, or to schedule a showing please contact Steve at (734) 272-7004 or email [email protected]

313 Cash Deals
02/12/2019

313 Cash Deals

313 Cash Deals's cover photo
01/16/2019

313 Cash Deals's cover photo

*NEW* Off Market Two-Family Flat Under $15K*12673 Monica St Detroit, MI 48238...............$14,969...............Vacant...
08/15/2018

*NEW* Off Market Two-Family Flat Under $15K*
12673 Monica St Detroit, MI 48238
...............$14,969...............

Vacant 1857 sq ft Brick 2 family flat .
This is a total rehab and the finished project will be worth it.
Located on west side of Detroit by Oakman BLVD.
Full unfinished basement. 2 beds each unit.

See Photos Here: http://bit.ly/2MGJkL4

Contact us to set up showing!

*****15914 Indian Redford, MI 48239*****             ..........$69,969.00..........Here's your next cash flow rental!3 B...
03/16/2018

*****15914 Indian Redford, MI 48239*****
..........$69,969.00..........

Here's your next cash flow rental!
3 Bedroom
2 Bath
Full Basement
1 Car Detached Garage
1200 Sq Ft Brick Bungalow

Needs some work in the kitchen (paint cabinets, flooring, new counter tops)
Paint throughout
Finish hardwood floors
Trim in a few areas
Side back/side of garage

ARV $125-$130
Rent Estimate $1150-$1200

Showing request with offers will take priority. Investor Walk Through will be scheduled based on offers received and/or showing requests.

2016 Property Tax $2,117.21

See photos here: http://bit.ly/2FGxf9r

313 Cash Deals
02/02/2018

313 Cash Deals

15757 Gilchrist Detroit, MI 48227Grandmont-Rosedale Neighborhood.WOW! This place has HUGE potential!! Be a part of the c...
02/02/2018
15757 Gilchrist St Pictures

15757 Gilchrist Detroit, MI 48227

Grandmont-Rosedale Neighborhood.

WOW! This place has HUGE potential!! Be a part of the comeback in this beautiful neighborhood!
$36,969
3 Bedrooms
2 Full baths plus a half in the basement that needs to be finished.
2 Car detached Garage
1500 Sq Ft

HUGE upper bungalow area unfinished that could be a great value add finished.
Full basement, gutted to studs years ago due to water. The issue was fixed, which you can see in pics and in person, where they dug out and replaced drain tile.

Carpet, nails and tack strip has been removed. New pics coming soon.
Beautiful hardwood floors.
Some water damage in the kitchen and dining room. (Pipes burst which is when seller called me, we removed carpet post-pictures being taken)

This is an excellent area and you could set the market for a high comps sale with the right finish.

The good - handicap accessible throughout. Dated home but in very good condition (save the pipe that broke and the damage that caused) Large home mostly on one level. Large upper area that can be finished for an extra bedroom. Security bars on all windows.

The bad - it needs a new kitchen and baths unless you like that 60's sea-foam green look.. refinish floors, paint.. all the big stuff is done EXCEPT for the windows.. there are a lot of them.

Easy access! Showing requests with offers will get priority.

Don't sleep on this one!

Link to Pics - http://bit.ly/2nC967X

01/03/2018
01-03-2018 - Down Payment Assistance Programs in Michigan: Explained

Down Payment Assistance Programs in Michigan: Explained

Down payment assistance programs are the solution many people have been looking for. There are some wonderful programs out there that can help potential buyers secure their dream home. However, there are some things to watch out for as well. In our latest post, we will give our take on several down...

12/27/2017
12-27-2017 - Finding FSBO’s and Off Market Properties in Metro Detroit

Finding FSBO’s and Off Market Properties in Metro Detroit

You have heard stories about people finding amazing deals on off-market properties. Deals that are almost unheard of. So where are these incredible deals found? If you are interested in learning how to find FSBO’s (for sale by owner) and off market properties in ? Our latest blog will help you le...

12/20/2017
12-20-2017 - How to Flip Your First House in Metro Detroit

How to Flip Your First House in Metro Detroit

Do you want to learn how to flip your first house? There are many things about the process you might not see on HGTV. We have put together some of our favorite tips for flipping homes in and across ! For a first-time flipper, the process can become overwhelming. What might seem so easy, you will s...

12/13/2017
12-13-2017 - Single Family vs Multi-Family Investments in Michigan: Which One Is Better

Single Family vs Multi-Family Investments in Michigan: Which One Is Better

Investing in real estate can be a smart and lucrative way to make your money multiply. Once you enter the world of real estate investment, you will discover there are many ways to invest your money. You can purchase single-family homes, multi-family buildings, commercial properties and even niche in...

*NEW* HIGH END FLIP!1100 Grayton St Grosse Pointe Park, MI 48230..........$369,900.........5 Bedrooms 4 Bathrooms Full B...
11/11/2017

*NEW* HIGH END FLIP!
1100 Grayton St Grosse Pointe Park, MI 48230

..........$369,900.........

5 Bedrooms
4 Bathrooms
Full Basement
2950 sq ft
2 Car Detached Garage
Corner Lot
ARV $550-600K (I used $575K)
Needs - appliance, kitchen flooring, update bathrooms/flooring, paint, needs a roof, paint garage, probably new furnace​​​​​​​

2016 Property Tax $9,355.39

We're selling our assignable purchase agreement for the property at:857 Lindbergh Wyandotte, MI 481923 Bedrooms 1 Bath F...
11/08/2017

We're selling our assignable purchase agreement for the property at:

857 Lindbergh Wyandotte, MI 48192

3 Bedrooms
1 Bath
Full Basement
No Garage
1080 sq ft not including unfinished upper

Cute little neighborhood in Wyandotte. Would make an excellent flip or rental property!

Driveway will need to be lengthened per City

Needs:
Cleanout (what you see is what you get)
Driveway as mentioned
Ext Paint
Kitchen - flooring, paint cabinets, replace countertops, sink, hardware
Bathroom - all
Flooring - finish or carpet
Paint throughout
outlets & switches
light fixtures
Huge double lot
Finishable Attic to add an extra bedroom or master suite, but stairs need widening I think.

Email me [email protected] for showings. showing requests with offers will take priority. $2000 non refundable deposit.
​​​​​​​

2016 Property Tax $1,492.48

*AVAILABLE!* 18276 Littlefield Detroit MI 48235..........$32,000..........3 bed 1.5 bath Beautiful 1632 sq. ft. brick co...
11/07/2017

*AVAILABLE!* 18276 Littlefield Detroit MI 48235
..........$32,000..........

3 bed 1.5 bath Beautiful 1632 sq. ft. brick colonial style home with lots of curb appeal. Absolutely no ugly houses on the block; It's a great neighborhood not far from the lodge freeway on the west side. 7 mile and Outer Drive area; Close to Sanai Grace Hospital. Bathrooms need updating, house needs paint and carpet, hole in kitchen ceiling needs to be repaired (where the leak coming from upstairs bathroom was fixed)
​​​​​​​
$2000 Non-Refundable EMD locks the deal. Showing Requests with offers will take a priority!

2016 Property Tax $1,758.27

Self Directed IRA For Real Estate – What Are the Rules in Metro Detroit?
10/25/2017
10-25-2017 - Self Directed IRA For Real Estate – What Are the Rules in Metro Detroit?

Self Directed IRA For Real Estate – What Are the Rules in Metro Detroit?

We get asked questions all of the time from savvy investors who we work with here at . Most of the questions surround buying investment properties in … which we of course know a lot about. But one part of buying an investment property / rental property is how are you going to pay for […]

Mnuchin reiterates Mortgage Interest Tax Deduction to stay put in Trump administration tax plan
09/02/2017
Mnuchin reiterates Mortgage Interest Tax Deduction to stay put in Trump administration tax plan

Mnuchin reiterates Mortgage Interest Tax Deduction to stay put in Trump administration tax plan

Treasury Secretary Steven Mnuchin reiterated in an interview with the Wall Street Journal that the mortgage interest tax deduction will stay put in the Trump administration’s pending tax plans. And, according to the interview, America should have an official answer on all this soon.

Land Gorilla integrates with Ellie Mae’s mortgage solution
09/01/2017
Land Gorilla integrates with Ellie Mae’s mortgage solution

Land Gorilla integrates with Ellie Mae’s mortgage solution

Land Gorilla recently announced its software is now available through Ellie Mae’s Encompass management solution. Land Gorilla will offer construction loan management solutions to mitigate risk and improve construction loan management workflow.

Study: Recent events not dampening Americans’ optimism in economy
09/01/2017
Study: Recent events not dampening Americans’ optimism in economy

Study: Recent events not dampening Americans’ optimism in economy

The latest University of Michigan’s Survey of Consumers shows Americans continue to grow more confident in the U.S. economy, despite recent events and tragedies. In fact, during the survey, very few mentioned Charlottesville, North Korea or Hurricane Harvey.

Ellie Mae to buy Velocify for $128 million
09/01/2017
Ellie Mae to buy Velocify for $128 million

Ellie Mae to buy Velocify for $128 million

“As part of our comprehensive strategy to deliver the first true digital mortgage to the industry, we are helping lenders to originate more loans, reduce costs, and complete the entire mortgage process faster,” said Jonathan Corr, president and CEO of Ellie Mae. “The combination of Velocify’s…

Houston's vacant apartments could house Hurricane Harvey victims
08/31/2017
Houston's vacant apartments could house Hurricane Harvey victims

Houston's vacant apartments could house Hurricane Harvey victims

Flood waters swept through Houston this week, displacing thousands of residents, destroying homes and causing record-breaking damage. But despite the displacement of families in the area, one expert explains the cities vacant apartments could be the solution to the problem.

Freddie Mac: Mortgage rates hit second-consecutive 2017 low
08/31/2017
Freddie Mac: Mortgage rates hit second-consecutive 2017 low

Freddie Mac: Mortgage rates hit second-consecutive 2017 low

Mortgage rates decreased once again, dropping to the second-consecutive 2017 low. However, Freddie Mac’s chief economist explained this downward trend could reverse course soon due to the recent positive economic reports.

CFPB shuts down California credit repair company for lying to consumers
08/31/2017
CFPB shuts down California credit repair company for lying to consumers

CFPB shuts down California credit repair company for lying to consumers

Prime Marketing Holdings, a California credit repair company, was already on the radar of the Consumer Financial Protection Bureau, as several of its associated companies were fined earlier this year by the Bureau for misleading consumers and charging illegal fees for credit repair services. Now,…

Direct homebuyer Opendoor getting into mortgage business
08/30/2017
Direct homebuyer Opendoor getting into mortgage business

Direct homebuyer Opendoor getting into mortgage business

Late last year, Opendoor, an online marketplace that buys homes directly from homeowners, announced that it raised $210 million to fund the company’s expansion beyond the two markets where it initially launched. The company currently operates in Phoenix and Dallas-Fort Worth, but back said that it…

GDP estimate surges to 3% in second quarter
08/30/2017
GDP estimate surges to 3% in second quarter

GDP estimate surges to 3% in second quarter

Gross Domestic Product increased to a full 3% in the second quarter, a level not seen since the first quarter of 2015. This increase puts the Trump administration one step closer to its campaign promise of 4% GDP.

[Video] What's next for former HUD Secretary Julián Castro?
08/30/2017
[Video] What's next for former HUD Secretary Julián Castro?

[Video] What's next for former HUD Secretary Julián Castro?

After two and half years at the helm of the Department of Housing and Urban Development, former HUD Secretary Julián Castro’s political ambitions are far from over. But unlike most politicians, there is one unique factor that goes into Castro’s next move. He has a twin brother who shares similar…

Fannie Mae, Freddie Mac suspend foreclosures and evictions in wake of Hurricane Harvey
08/29/2017
Fannie Mae, Freddie Mac suspend foreclosures and evictions in wake of Hurricane Harvey

Fannie Mae, Freddie Mac suspend foreclosures and evictions in wake of Hurricane Harvey

With officials declaring that Hurricane Harvey dumped more water on Texas than any storm in history, Fannie Mae and Freddie Mac announced Tuesday that each of the government-sponsored enterprises is suspending foreclosures and evictions for borrowers in the affected areas.

Consumer economic optimism hovers at 16-year high
08/29/2017
Consumer economic optimism hovers at 16-year high

Consumer economic optimism hovers at 16-year high

Consumer confidence increased once again in August as Americans place more faith in the current economic state. In fact, the Present Situation Index from The Conference Board remains at its 16-year high, even as expectations for the future grew slightly.

Amitree, maker of real estate email software Folio, raises $7 million to fund growth
08/29/2017
Amitree, maker of real estate email software Folio, raises $7 million to fund growth

Amitree, maker of real estate email software Folio, raises $7 million to fund growth

Folio, a Google Chrome extension that helps real estate agents manage all parts of a real estate deal from within their email, is currently used in approximately 5% of the nation’s real estate deals. But that percentage could soon grow, as the Amitree, the company that makes Folio, recently raised…

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