If you are a buyer for excellent Detroit properties, you not only need to get signed up for our weekly newsletter and wholesale list but you need to contact us on our contact form at www.WholesaleMi.com and let us know what you need! Our houses are selling so fast right now that we can’t get them to the web site before they’re sold. A good problem? Yes, but we want to get you the properties. The more hard numbers and areas that we have the better we can serve you with the best wholesale properties Detroit has ever seen. An exaggeration? You must not have seen our deals yet.

Speaking of our website, we will be rolling out our new web site at www.WholesaleMi.com in February. The new web site will facilitate easier management of the properties and quicker updates. Stay Tuned!

Note: We have inventory and even more in the pipeline. Contact us with what you’re looking for and we will make sure you are getting a look at them!

I was looking at a few houses today in an excellent neighborhood in Detroit and remarking to my partner Jeremy Burgess how much it looked like we were in Grosse Pointe. I’m not just saying that the houses looked like they do in Grosse Pointe, and they did, I’m saying that it was just an excellent area just off of Outer Drive. Great houses, great landscaping, nice cars, and just a nice quiet and safe neighborhood. It’s amazing to me but there are many people that don’t even know about these places in Detroit. Not only are these places just simply amazing but we are getting houses in these areas and passing them on to investors for unprecedented price points. In fact Jeremy likes to state the fact that we’re getting these houses at 30 year lows and if you take into account inflation, we’re getting these houses at turn of the century prices! And by turn of the century prices I think he’s talking about 1900 and not 2000…

A good trend that we’re seeing also with the houses that we’re picking up is that we’re buying houses that are already rented with paying tenants. Not only are we buying and passing along good deals, but we’re passing along great deals that are performing assets on day 1!

Real Estate In the News
I had the pleasure to meet with Yianni Kupanakis of Good Faith Homes, which works hand in hand with Motor City Blight Busters. Yianni is one of the more knowledgeable people about Detroit Real Estate that I’ve talked to and he definitely is the investor that cares about the City. He’s not stripping the City and leaving it wounded, they’re working with Blight Busters to clean up areas, renovate homes (doing an amazing job at that), and placing home buyers that have gone through they’re home buyer training. There foreclosure rate on buyers that they place is virtually nill, which is a real testament to their program. By the way, this meeting wouldn’t have happened except we received a great referral from Expert Networker Terry Bean.

Foundation OKs $7 million in grants for Detroit – This article from Crain’s Detroit Business shows that there is a lot of money getting put into Detroit’s renaissance. This money is not only going towards affordable housing but also to the arts. A truly inspiring donation!

Motivation
“Take a chance! All life is a chance. The man who goes the furthest is generally the one who is willing to do and dare.” Dale Carnegie

I don’t really have to add much more to this. Has anyone heard of Dale Carnegie? Has he done anything? If we’re not already, we should all take a page out of his book and follow his wisdom in this quote.

Education
Go download our free report on the 8 Secrets to Successful Detroit Investing. More editions, changes, and education from us to come. You may find it a little rough as this is a draft but as Mike Litman says, “Don’t get it perfect, just get it going”. No analysis paralysis here!

Also check out Renegade Detroit Investors as there is a great meeting coming up with Darrick Scruggs on commercial investing

Successfully Yours,
Jared Pomranky