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WE BUY HOUSES, APARTMENT BUILDINGS & HOTELS

Looking to sell a property?

To learn more about our purchase criteria for commercial and residential deals, please see the details below. If your property fits our criteria, feel free to send us the details of your deal to john@CleareToClose.com

with the information requested below

Suburb Houses

Suburban Purchasing Criteria

Target Type of Homes

3+ Bedroom, Basement, and/or Garage

Brick or Frame

Target Rental $800+

Cities of Interest in Southeast Michigan

Ann Arbor, Allen Park, Berkley, Bloomfield, Bloomfield Hills, Centerline, Clinton Township, Dearborn, Dearborn Heights, Eastpointe, Ecorse, Fraser, Farmington, Farmington Hills, Ferndale, Garden City, Harper Woods, Hamtramck, Huntington Woods, Inkster, Lincoln Park, Livonia, Northville, Novi, Oak Park, Redford, Romulus, Romeo, Roseville, Royal Oak, St. Claire Shores, Southfield, Southgate, Sterling Heights, Taylor, Wayne, Warren, Westland, West Bloomfield, Wyandotte, Ypsilanti and other cities surrounding Southeast Michigan

Additional Criteria

We can close on any property that meets the above criteria in 15 days or less

We purchase homes from $5,000 to $200,000 with renovation work needed

We are looking to purchase 20+ homes per month via REO, private sale, bulk package, short sale, notes, etc.

Occupied/Income-producing homes

Apartment complexes/strip malls (renovations needed acceptable) in Metro Detroit surrounding areas

Purchase price must be under market value

Hotel Purchasing Criteria

Target Type of Hotels

  1. Must be Off Market

  2. Must be 50+ Keys

  3. Preferably Value-Add

  4. Seeking Nationwide Opportunities

Please send all inquiries/deals: John@CleareToClose.com

Brick house
Apartment Building

Apartment Purchasing Criteria

Asset classes currently investing in:

  • Multi-Family

  • Commercial - Office & Warehouse Space

  • Senior Living

  • Mixed Use, including high rise

  • Would consider hotels/hospitals and resorts. Limited and full service.

 

  1. Must be OFF Market!

  2. Population should be greater than 100,000 residents in the complex city and bordering cities

  3. Area should be stabilized with an outlook for an upward trend for growth over the next 10 years

  4. Seeking (30-500 units)

  5. Targeting 15+ acquisitions per year

  6. Area must have a high rental demand

  7. We will consider A, B or C+ area

  8. Vacant apartment buildings have consideration, prefer underperforming/under market rents and differed maintenance to bring the rents up. Value-add opportunities

  9. Occupied buildings minimum 10% Cash on Cash Return

  10. Area must be supported by more than one major employer

Additional Information:

Nothing less than 30 units in our backyard (Tri-County, specifically Eastpointe, Clinton Twp, Roseville, Warren, Shelby Twp, St Clair Shores).  Must be 60+ units if property is outside of market but drivable within an hour of Southfield 80+ units out of state or over an hour from Southfield.

Please provide the information below for these properties:

Recent Photos

Cash price

Area Rent Rate

Vacant/Occupied

Financials (leases, rent rolls/ledgers, rent receipts)

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