I have decided to take a few minutes and promote a few "no-brainers" as I call them. A "no-brainer" is what I have affectionately nicknamed any property for sale that screams PROFIT! Some of these might fall into the rental category, but mostly they are rehab-able properties that a begging to be bought, improved and resold for a profit. I will feature only one at a time, and sporadically. These will not necessarily always be my own listings, or even listings within ChangingStreets.com...just good deals.

As a side note for those of you that might not know this. One of the services I provide is a thorough REHAB ANALYSIS. This is where I advise potential investors on whether a property has the potential to be a profitable and successful rehab investment. I have a team of contractors, lenders and over 16 years market experience to provide very accurate opinions. As a result of my REPO dealings, there has developed a need for "silent investors" to fund these rehab projects, some of which already have an end-buyer. Recent projects have netted participating investors an astounding 18-40% return for a 120 day investment. All they do is write a check and collect a larger one. No research, no nail pounding, no nail biting involved.

Todays "NO-BRAINER" is located at 3217 Clairmont St. in Flint.
The appeal with this property is this:
Current asking price of $21,900 in an area of similar homes selling between $30,000 in need or work to &75,000 in immaculate condition!
This area has rental income potential of $450 to $500 per month.
It offers three "true" bedrooms (meaning, not a large closet being falsely called a bedroom) in a neighborhood of mostly 2 bedroom homes.
It offers a fenced-in DOUBLE lot in an area of mostly smaller single lots.
Condition-wise, it needs roughly $5,000 in improvements to make it marketable in the mid to upper $50,000 range...conservatively.
Lets look at the potential profit numbers for this property, shall we...lets assume the investor ends with a final purchase price of $20,000 and repair/improvement costs of $5,000. Also lets consider carrying costs for the 90 day seasoning period most lenders will require between the investors purchase date and the end buyers. I have generously figured that between insurance, heating, water/sewer, taxes, closing costs and my consulting and marketing fees that the final figure invested should be around $32,000. Using $55,000 as a conservative end sale price to the end-buyer, nets the investor $23,000 profit (or 71.8% return). Sound too good to be true? Ok then, lets use an aggressive sale price of $49,900 offering a 3% concession to a buyer....that still nets the investor $16,403 or 51.3% return on investment. What do you currently make on your investments annually? How about quarterly, which is the average time I can successfully find, improve and successfully market a well-thought out rehab project.

This is something for all of you investor-minded individuals to consider. This is the market to invest...as long as you do not make the mistakes a lot of investors have. These include: not doing enough research, buying the property at too high of a price, over improving the property and over pricing it as a result.

Contact me for more information!