Our new website has been rolled-out at www.WholesaleMi.com. This website will truly be revolutionary for the Detroit wholesale business. Don’t believe me? Go visit the site then go to any other wholesale website you can find and tell me how much easier we make the due diligence process, especially for an out of state investor. This site was created through long brain storming sessions figuring out exactly everything that you would need for due diligence without actually stepping foot into the house. Well, you might say, I want to look through the house to see what I’m buying and to estimate repairs and to find out what it’s worth… That’s why we provide you with multiple pictures, a video walk through, an inspection check list, a public records print out, and a contractor estimate (the same contractor we use for all of our properties). We want you to feel like you can go to our web site for all of your due diligence. If there is somewhere else you need to go, you better let us know about it because it will be added on in Version 3.0.

Since we have just rolled this out, please visit our Detroit Foreclosure Property website and let us know what you think. Feel free to test it out and let us know of any comments or suggestions that you might have.

Persistence – The act or fact of persisting and my favorite definitions of persisting are: To go resolutely in spite of opposition and to continue to exist especially past a usual, expected, or normal time.

The great entrepreneurs and real estate investors did not just get lucky. It’s a day in day out commitment to being successful that put them where they are now at the top of their industry. I always hear the stories of the people that ran into a road bump or failed at a deal and they just gave it all up because something didn’t go right on the first try. I can’t stand to hear about someone giving up on their dreams so easily because I have had deals that didn’t quite turn out as I thought they would and I have made mistakes but I have learned from these, mitigated the impact of these challenges, and have moved on. There are multiple stories of entrepreneurs and ordinary people that just refused to give up until they were successful and that’s why they were successful. Persistence.

I have adopted the attitude of “FAILURE IS NOT AN OPTION!” and I hope that more people will adopt this as well. When you tell yourself that there is just not an option to fail, you automatically get your mind working on what you need to do to succeed. If you let yourself have the option to fail, you give your mind the easy way out, you limit your creativity, and you will limit your success. Being persistent in your dreams and adopting the attitude that you will take nothing less than a raging success will keep you moving until you get there.

Speaking of persistence… Urban Detroit Wholesalers is the most persistent real estate investment company you’re going to find. We do not stop working until we have the absolutely best deals ready for our buyers. If that means scouring through thousands of properties to find the two that meet our extremely high, unmoving criteria, then that’s what we do. We will just not settle for sub-par results for ourselves or for our customers and buyers. We only pass on the deals that we would rehab and rent our ourselves.

When you buy a house from Urban Detroit Wholesalers, you’re not just buying a house from wholesalers that have no idea of what you’re doing with the property. You’re buying a house from wholesalers that are doing the same thing you’re doing. We are buy and hold investors as well as wholesalers and we not only would do every deal that we pass along, we provide you with all of the due diligence that we require on OUR deals. As many of our buyers tell us time and time again, our due diligence is second to none. Most wholesalers give you a property, give you a pat on the back, and wish you good luck. We think that’s poor customer service. When you buy one of our houses, you are not only buying a house but buying a clear exit strategy with all of the due diligence completed. Tell me who you want to buy from now…

Real Estate in the News
Condo and Loft Sales Surge in Downtown Detroit – Sales up 39.9%

Metro-Detroit Home Sales up 15% – Detroit leads with nearly double the amount of closings from same time last year. Month-to-month gain of 45.5%

Quote of the Week
This week I have two quotes because they are very relevant to what was discussed above. These should really be taken to heart:

“Many of life’s failures are people who did not realize how close they were to success when they gave up” ~Thomas Alva Edison

“Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no hope at all.” ~Dale Carnegie

Continuing Education
Networking. This is the most important part of a real estate investors business. If you’re not networking and consistently meeting new buyers, sellers, and people that can help you with other aspects of your business, you’re settling for less. While you may argue that this isn’t continuing education, I would say it’s right there with needing to know the latest real estate technique. Here are some of the best networkers I know with some links and references:

Keith Stonehouse
* Keith is with Franklin Title Agency but is far from just being the best title agent and mobile closer. He is the man that can put you in touch with anyone in our outside of our business that you need to find. Keith posts a plethora of networking events weekly at www.KeithStonehouse.com Keith is recommended highly.

Terry Bean
* Terry is so good at networking and helping people find the contacts that they absolutely need in their business that he’s made a business out of it. I have had great meetings and great experiences working with Terry and would absolutely recommend him to anyone. You can get more info at www.NetworkedInc.com

Drew Sygit
* Drew is not only my sole mortgage broker that gets all of my deals closed quickly, he’s also known to be at virtually every networking event in metro Detroit. You don’t go to an event and not know Drew. Get more information about Drew at The Lending Edge

Keep moving ahead in the beginning of this year and get ready for the best year of real estate we’ve seen in a long time. ’08 is going to amaze you with all of the successes we’re going to see!

Successfully Yours,
Jared Pomranky

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