A Grand Rapids Foreclosure, that I am Rehabbing | The Millionaires Blog Wholesaling Guide

A Grand Rapids Foreclosure, that I am Rehabbing

Posted by ericmedem | Posted in Wholesaling Real Estate | Posted on -05-2008

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Every week I get emails from people wanting to know:

Where I find Foreclosures?

What work goes into Foreclosures?

How much you can make with a Foreclosure?

Is it possible to make money with foreclosures?

I decided I would start posting some of the homes that I am currently rehabbing to give people an idea of what goes into a rehab.

Feel Free to ask any questions that you might have about flipping houses, Bird Dogging real Estate, and Just about anything else Real estate.

This home here was a funny one, I wrote an offer on this one for $33,000 and ended up getting this Grand Rapids Foreclosure for $33,500 or so I thought.

side note : typically I never spend anymore than 5 minutes in anyhome that I buy, because I figure everything is bad, and I would just get depressed.

Anyway so I forgot my flashlight the day I wrote the offer, and I didnt even bother to look in the basement, which turned out to be a HUGE overlook on my part……..to be continued I guarantee you’ll get a kick out of this

About the Author:
Eric Medemar specializes in Grand Rapids Foreclosures, Grand Rapids HUD homes, and Grand rapids Rental Property. He owns 32 Grand Rapids Rentals, along with real estate investing (flipping homes, wholesaling real estate, and landlording) Eric is devoping the best Real Estate Bird Dog Program that anyone has laid eyes on.

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- Randy M.: Yeah, I’ve been a landlord for 12 years. It’s tough. I need a mentor in wholesaling.can you help Eric M.? Rand Mac
- Herb VanDyken: Yep, I’m not a landlord either because everytime I think I’ve met every nut case here come’s a new one.
- chaud kang: Hi ERIC: An eye opening list. I can personally testify 80 % of these myself in my single family homes. CHAUD
- Mitch Painter: This is absolutely hilarious. You are a scholar and possibly a profit. As a landlord who owns 140 apartment units and an active wholesaler having wholesaled over 150 houses, I couldn’t agree more. If I was to do it all over, I would not own any property, and only wholesale....
- andy rumple: Very funny! However being a landlord is not about losing money if you are good at it. I wholesale and landlord. I like them both!
- Pat Smith: Great topic been there done that!
- gil marin: Very funny, yet so true for most rental areas. Of course not with mine.
- JaJa: Eric WoW!! So sad but so true! I don’t blame you one bit for doing what you do (wholesaling) some tenants are very trifling you try and help them but what you get in return is more headache and heartache… Eric! you keep up the good work! quit worrying about what other people say...
- matthew cook: Hi Eric, I got a kick out if your list of the not so funny things you hear and see from renters. We just got back #1 huge mess from one of our best renters. This was by far the worst piece of crap we had seen in 6 years of doing this. We took lots and lots of pictures so we can take...
- Marc Bates: Eric Bought your “Get Buyers” course… Very interesting information… I agree with the Famously Nameless Wholesaling Guru who said you must have a virtual Cirque du Soleil going on in your head. But you might want to look into buying my or any course on being a...
- adrian: This is some funny stuff!
- Daniel: Your darn right Eric…….Lol. I couldn’t have agreed with you more……. My dad owns rentals……..That 217;s why I am learning to wholesale now…….. Great post.
- David Jones: I know Eric , as I was reading this It amazes me how some people have so much time on there hands ,but never get nothing done or just taken care of like-priorities out of wack–and always trying to get over.But always have an alibi [ excuse ].This is what I call EXCUSITIS:...
- DANNY MAHAFFEY: that is funny…u da man
- ericmedem: If you’re looking to wholesale and you can move 10 properties to the same buyer at 1 time then it’s a great strategy… However if you’re out “Writing checks that your A$$ can’t cash” then it doesn’t make much sense. In this economy BUILD...
- sam: Hey eric, You definately seem down to earth and different than the rest.I am trying to build a relationship with the banks reo agents/brokers what would be the best method for this just approaching every bank and asking? I have been thinking of a new method of purchasing properties in bulk...
- Randy M.: How do stay in touch on a regular basis? I have a huge interest, but don’t know how to take my first step to making a deal. I WANT TO PUT IN TIME AND LEARN YOUR SYSTEM.
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- BOBBY DEFRANCE: Dear Loretta, Wow! job well done. Loretta, I can not tell you how I been trying to make a deal happen. I thank you for your inspiration, and hope.
- daryl: just wanted to say im glad for you and your on your way .could you contact me on your mailing info darylpannell@gmai.com your blessed
- Loretta: Eric, thank you, thank you It’s just been 1 week after I posted my comment. And I just got back from collecting at total of $10,000 on a wholesale flip. My friends always tell me to be patient, I’m still working on that. After posting last week I stay up all night and into...
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