FORECLOSURE UPDATE
This chart from Detroit New April 2009 shows Michigan with 33,184 foreclosures in the first quarter of this year. Of course you must add that number to the 120,000 from last year.
This results in an astonishing amount of properties available that are below market value, below their assumed value, and have high potential for built in equity. A high cash flow income property is possible.
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Many of these properties need very little work to make them move-in ready.
Use my method of applying 5 systems to examine and create a metric that will reveal the potential in the future value of the property
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