Some of the most exciting news to hit Macomb County, Michigan since Bill McMachen snatched up all of the tax foreclosures in the summer of 2012. A group of private real estate investors has proposed to purchase 150 pieces of property with 50 of them being vacant lots. Their plan for phase 1 is to rehab 100 houses and make them available for sale as ver affordable homes. Then their plan is to build 50 new homes on vacant lots all within the city of Warren and again offer affordable homes.
The last time I reported news that came from the newspaper I made a link to the story available. Well little did I know that after a while the link may go dead. To comply with requests from REIA of Macomb members I’ve made my own link below that you can download and read the whole story.
Tags: beresh group, detroit, Dylan Tanaka, fannie mae, flipping houses, freddie mac, house building, HUD, macomb, michigan, oakland, private money, real estate, real estate investing, real estate investor club, real estate investors, REIA, warren, wayne