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I mentioned in my Million Dollar Day post that I had an offer accepted in the afternoon.

This is the property that I was referring to.

The details:
Harper Woods with Grosse Pointe Schools
3 bedroom, 1 bath
1100 square ft bungalow
All brick, 2 car garage, central air
New carpet, paint, and kitchen floor.
New replacement windows, new roof.
All appliances
It needs no work and will is rentable on Day 1.
I have a thing for windows, and they are just spectacular in this home. The seller really did a nice job selecting windows that complemented the look of the home.

This is another example of a property that’s too nice to be a rental!

It’ll rent fast at $1000 per month. I already have 2 families interested – and I don’t even have a closing date yet!

Price: $70,000

One on my new private investors is funding this purchase – he’ll earn a fixed 8.1% annual interest for five years. And the kicker? He’s a money manager for other people’s money – and he’s getting his own money away from stocks and other financial assets as fast as he can.

Are you doing the same?

I expect to have another property available in late November or early December that will need funding by an investor. If an 8.1% fixed rate of return looks good to you, contact me and let’s talk.