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The city of Saginaw, Mi has great cashflow opportnities any financiers want in? |
WHERE I LIVE IN SAGINAW,MI THERE ARE QUITE A FEW HOUSES FOR SALE WITH A EXCELLENT SELECTION OF BARGAIN PRICED HOMES MY IDEA IS TO START A RE INVESTMENT FIRM THAT ACQUIRES THESE HOMES(JUNKERS,REO'S,PRE-FORECLOSURE) AT 30-50% OF ARV, REHABS THEM, AND MARKET THESE HOMES AS SUCH WE WILL SIT DOWN WITH POTENTIAL CLIENT AND GO OVER FINANCES AND CREDIT HISTORY. IF THAT BUYERS CREDIT SCORE IS BELOW 620 WE WILL COME UP WITH A PLAN TO GET THAT BUYERS CREDIT ON TRACK WE WILL OFFER THE PROPERTY ON A LEASE OPTION FOR 12 MONTHS W/A 12 MONTH EXT. AVAILABLE IF CREDIT IS REALLY DAMAGED. IF THE BUYERS SCORE IS ABOVE 620 WE WILL OFFER THE PROPERTY ON A LAND CONTRACT (DOWN PYMT AND INTEREST RATE WILL BE DETERMINED INDIVIDUALLY). IF THE LATTER WANTS TO SECURE THEIR OWN MORTGAGE THAT IS OK TOO BASICALLY I THINK SOME MONEY CAN BE MADE IN THIS CITY I HAVE DRIVE AND DETERMINATION BUT I LACK THE FINANCES TO DO THIS wouldn't put 1 cent of my money in Saginaw or anywhere in Michigan that state is full of dead beat losers |
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