Detroit Auction 2012
TAX AUCTION 2ND ROUND!
Hi fellow investors!
The Detroit tax foreclosure auction is having their final round this
week for 2012. All properties that didn't sell last
month are offered at a starting bid of $500! There were 22
000 properties offered last month at the Wayne County Tax Auction
Here are a couple properties in good areas that sold this morning.
I was up at 5 am Edmonton time (where I currently am)
bidding. I viewed both these properties when I was in
Detroit. They are both near downtown and Wayne State
University in a highly desirable area.
217 Harper Street:
- near downtown Detroit and Wayne State University
- in area of high redevelopment with many newer apartment complexes and
- would rent for about $700
- all liens (except for city-related liens), past taxes, and mortgages
298 Hendrie Street:
-in desirable Midtown neighbourhood
-near downtown and walking distance to Wayne State University
-good rental area
-liens are wiped out on all tax auction properties as described above
The 2012 auction is continuing
this week. To bid, you had to register and submit a deposit two weeks
ago. I am looking for investors interested in
purchasing properties with me at the auction.
reviewed the[masked] plus properties for the best quality rental
properties with the greatest
potential for future appreciation.
Here is the next property I am preparing for:
- built 2004
- over 2000 square feet
- good area of Detroit for future development
- valued at about $50 000 by Zillow
- good rental area
The bidding on this property ends Tuesday noon. Please
contact me by email or phone right away to arrange funds for bidding.
I think I might get this property for a very good price!
housing market in Detroit started to turn positive this past spring.
Median prices are up 9.1% in Wayne County and 12.2% in Metro Detroit in
the last year.
If you are interested in
taking advantage of this unique opportunity, please contact me
immediately to discuss the type of property that interests you and your
maximum bid amount. For
a very reasonable assignment fee, I will bid on the property, research
and view it, check title for liens and other debts, supervise any
needed repairs, and find a local property manager to effectively manage
it for you.
To read more
concerning my method of choosing wholesale properties, click here: How I Choose Properties