When real estate mogul Dean Graziosi, famous for his infomercials, rolled into town in 2011 and announced that he was investing $5 million in foreclosed homes in south Warren and Eastpointe, some officials were skeptical.
But, 19 months later, community leaders are sold on the team of Realtors and contractors who have rehabilitated and resold more than 300 homes in south Macomb, giving many declining neighborhoods a new lease on life.
Who is Dean Graziosi?
Are People Actually Successful?
Does Dean Practice What He Preaches?
What Deals Are The Students Doing Right Now?
Great Job
Congratulations! Great story.
That's awesome! Great work
That's awesome! Great work Dean!
Wow That's Great
Need that revival in Little Rock! Dean, Come on Down!
congrats
Congrats Dean on a terrific job!
South end housing rehab program a success
Congrats Dean....WTG.....Inspiring......
Regards,
Sharon
That's awesome Dean!!
Wow talk about stimulating a small town economy! You created jobs and tax revenue that saved jobs! Truly amazing and inspiring thanks for sharing with us all.
That's great Dean!!!
Good job on turning that small town around Dean. This is proof that you are out there doing what you teach us.
Somebody should put this on
Somebody should put this on biggerpockets and shut them up about dean...LOL!
Wow!
Wow! I'm so glad this was at the top of the page at DeanGraziosi.COM I'm not sure where it was in the Macomb Daily, but I hope they put it on the front page, top of the fold. Super. well done.This is a win-win for everybody.
I'm so Proud of You!
Wonderful to get the update on what has happened since your bought all these homes. A wonderful accomplishment! You are changing lives in bulk now! Kinda like a Costco for the economy! Let's do it in Cleveland.
IM so proud of being part of dg.com
Dean i think this is my proudest moment you are transforming lives and I want to transform people too so I am working towards that, i am now scheduling my day w/re tasks & should have another deal by the edge, will have one by the edge.
Dean
I have come to expect nothing less of you my friend. Great, Great Job...Jan
Amazing story
It's awesome how this turned out to be a win-win-win-win-win situation! It's crazy how Mark and Dean/Matt pulled it off
This is Real!
Dean
You are an example of a guru who is not just selling seminars and educational products. You're helping change the economy by providing work for contractors, bringing in tax revenue, and providing a safe place for families to live. No one can deny the good work you are doing.
Congratulations to you and your team!
Fish
Tougher for small REIs
"Buy Right started a new trend in 2011 when it purchased a large batch of homes, shutting out many potential buyers. In the past, the county tax auction was populated with dozens of investors looking for the best buys. At the 2012 auction, an investment group swooped in and bought all 657 homes across the county with a bid of $4.7 million."
This also means that many small RE investors are being squeezed out of the market by deep pocket corporate investors/developers. There will be no chance for an individual investor/wholesaler to compete.
Great Job...want to do it in Wisconsin?
Great job Dean! You've done what we all wish we could do. I am currently working on a project in a small town, located by Green Bay on the bay, that has a beautiful river running through it, and the town is in need of financial repair. The new mayor is on board to change her city around and make the city new again. Not much of a resell market, but the rental market is through the roof.
Would love to do it myself, but I misplaced my millions of dollars.
I look forward to reading more about your accomplishments!
Best,
James
Congrats Dean
Glad to hear of the great success story Dean. You are such an inspiration to me and my wife. I'm presently in my 2nd day of taking action, made some phone calls to a few agents yesterday...no replies yet though.
Congrats again and continue the great work you are doing!!!
Kevin
657 houses for 4.7mill?!
wow! that's about $7,200 per property, and some are worth $85,000??!!!
changing the economy
simply AWESOME !! proud to be associated with you and your team !!!!and even PROUDER to have you as a mentor !!!
What a Great Result
This is such an excellent result from your Real Estate investments in Michigan Dean! It's inspiring to see how your work there has had such a great influence beyond the deal itself and even helped to turn around the economy there. Congratulations! This is such a shining example of a snowball effect of doing things right and making a difference in a community through Real Estate Investment.
What a win-win
Being on the West coast, I have read reports on how troubled some areas in Michigan have been.Investing in an area like this can be so beneficial to neighborhoods and communities. This is very inspirational and a win-win.
Patrick
DOING THE RIGHT THING
Just great to hear there is someone who has the substance and the desire to bless others. May you be like a tree planted by the streams and whatever you do will prosper.
It is standard intelligence
It is standard intelligence in the male-dominated world of investing that women are unsuccessful at investments because they are driven by emotions. However, two new reports recommend the opposite. Women are better buyers, they say, exactly because of their emotional acuity. Article resource: Financial Advice