I will confess to this at least – four years ago I really belived that you could only find good deals in heavily populated cities in Michigan. Logically it makes sense – more houses means more foreclosures means banks will take bigger discounts means there will be more supply of foreclosures than real estate investors.

Turns out I have been dead wrong – sure the usual suspects – Detroit, Lansigng, Grand Rapids, Flint – have more foreclosures then ever before. One big time REO realtor told me that his listings have doubled and doubled again in the last three years in the metro Detroit area.

But something else is happening on the ground – I have been getting more and more reports from the frontlines – Inner Circle members who are gracious enough to share their exploits with the rest of the group and man they are all complaining about the same thing – too many yummy deals ; not enough money!

Can you believe it when I tell you that the #1 request for a all day workshsop that I have been getting from Inner Circle members is How To Raise Private Money in Michigan to finance all the deals they have been finding!

Amazing!

And I think there is lots of sense to it if you think about it – smaller suburbs and the people who occupy their real estate universe are not used to our kind of strategies coming their way. It is just more fish, in a smaller pond. To hear stories like Inner Circle members finding 5, 7 and 20 deals in two weeks in smaller suburbs have become common place in our office.

I got two very interesting faxes today – both from 2 people who came to my workshop last month . The progress that has been made in just 5 weeks is jaw dropping. Hell I am impressed looking at these faxes.

Check back tomorrow to read about these two faxes from my April workshop attendees and see how real life Michigan investors are kicking butt right here in Michigan.

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