Sold Investment Property in Detroit, MI | Out-of-State Investor Purchase With LLC Financing
18646 Dwyer Street, Detroit, MI 48234
3 Bedrooms | 1 Bathroom | 1,040 Sq Ft | Bungalow | 2-Car Detached Garage
This buyer was an investor based in New York who was purchasing a Detroit property as a long-term rental investment.
She was already preapproved with a reputable mortgage company, but once we were under contract it became clear that lender would prevent her from purchasing the property in her LLC, which was a requirement for her investment strategy.
I stepped in and connected her with a different mortgage company that understood LLC financing and could execute without delaying the transaction.
During inspections, we negotiated effectively and secured 2% in seller concessions, improving the buyer’s overall return and reducing her out-of-pocket costs.
🎥 Video Tour: 18646 Dwyer Street, Detroit (Sold)
Despite the lender change mid-transaction, the deal stayed on track — and the buyer was very happy with both the purchase and the process.
The result:
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Out-of-state investor successfully purchased in Michigan
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LLC financing structured correctly
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Lender issue resolved without derailing the deal
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2% seller concessions negotiated after inspection
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Rental property secured with confidence
This transaction highlights the importance of having the right lending partners and seeing issues early enough to solve them strategically.
Close With Patrice.
If you’re an investor looking to buy in Michigan — especially with LLC or non-traditional financing —
schedule a buyer consultation here.