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Property Wanted

 
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islandboundjohn
Stone Skipper


Joined: 25 Jul 2006
Posts: 10
Location: milford mi bois blanc island petoskey

PostPosted: Tue Jul 25, 2006 10:37 pm    Post subject: Property Wanted Reply with quote

Hi future Islander neighbors. A group of friends and myself are interested in finally purchasing land on the island. A few of us have visited the island many times over and have finally decided to purchase a few lots on the island. The area we seem to be most interested and can afford is up by rogers corner. (is that right?) We have seen many lots for sale up in this area where the power line ends. We have a very limited budget. We are most interested in any lots totalling under 10,000. Before we go and buy from a realtor we wanted to see if anyone had any suggestions. We can pay cash, or if possible we would like to find someone that will entertain the idea of a land contract with a year or so pay off time. If anybody either has or knows of any properties that might be in this range or available by land contract, please let us know. I have been elected to spearhead this part of the property search( oh yay)
We look forward to finally finding our piece of the island. Feel free to contact me(John) either by email or by phone. iamjohnandur@aol.com or 248 790 8791.
We wanna stay!
P.S. Look forward to meeting the new owners of hawk's landing as well, they seem really nice.
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Kevin Gibbons
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Joined: 30 May 2006
Posts: 924
Location: cheboygan, mi

PostPosted: Wed Jul 26, 2006 1:43 pm    Post subject: Reply with quote

Hi I don't have any properity for sale or know any body that will sell on the land contract. But that area is a great area that you are looking at properity. Hope you find something that you like. If you need any financing on the properity let me know and I will help you if I can. I have a mortgage company and a modular home company in Cheboygan. And I'm really from the Island.
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islandboundjohn
Stone Skipper


Joined: 25 Jul 2006
Posts: 10
Location: milford mi bois blanc island petoskey

PostPosted: Wed Jul 26, 2006 2:22 pm    Post subject: property wanted Reply with quote

Hey Kevin thanks for the info. You do financing on vacant property? Would like to know more. Thanks
John
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Cindy Childs
Bois & Grills Club
Bois & Grills Club


Joined: 20 Nov 2002
Posts: 218
Location: Flushing, Michigan

PostPosted: Wed Jul 26, 2006 5:18 pm    Post subject: Reply with quote

My son has lot 4 in Boulevard drive subd for sale currently listed with Real Eastate 1.
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Conis
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Joined: 15 Jan 2004
Posts: 2198
Location: My New National ID Forehead Tatoo

PostPosted: Wed Jul 26, 2006 7:38 pm    Post subject: Reply with quote

http://www.bois-blanc.com/phpBB2/viewtopic.php?t=898
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Kevin Gibbons
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Joined: 30 May 2006
Posts: 924
Location: cheboygan, mi

PostPosted: Wed Jul 26, 2006 7:42 pm    Post subject: Reply with quote

Hi John Yes I do financing on vacant properity it is 90% loan to value You would need 10% down. Just call me if you want to meet when you are up here my number is 231-597-9811 at the office. Cell is 231-290-3702 I can do mortgages all over the state of mich.
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islandboundjohn
Stone Skipper


Joined: 25 Jul 2006
Posts: 10
Location: milford mi bois blanc island petoskey

PostPosted: Thu Jul 27, 2006 8:02 am    Post subject: Reply with quote

ok sounds good Kevin,typically whats the interest rate on financing vacant land?
John
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Kevin Gibbons
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Joined: 30 May 2006
Posts: 924
Location: cheboygan, mi

PostPosted: Thu Jul 27, 2006 9:17 am    Post subject: Reply with quote

John the interest rate depends on the LTV but it is about 7.5 to 9 on vaccant.
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islandboundjohn
Stone Skipper


Joined: 25 Jul 2006
Posts: 10
Location: milford mi bois blanc island petoskey

PostPosted: Thu Jul 27, 2006 4:00 pm    Post subject: Reply with quote

Thank You Kevin. Who is handling most of the selling of real estate nowadays on the island? Lee? just wondering...
thanks
john
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Conis
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Joined: 15 Jan 2004
Posts: 2198
Location: My New National ID Forehead Tatoo

PostPosted: Thu Jul 27, 2006 4:36 pm    Post subject: Reply with quote

islandboundjohn wrote:
Thank You Kevin. Who is handling most of the selling of real estate nowadays on the island? Lee? just wondering...
thanks
john


Lee is gone, moved away.

Mitch/Steve Begel, R.E.ONE Cheboygan
Larry & Missy, Hawks landing, BBI realty.

The other 85% of the land-for-sale changes hands privately, mostly at the BBI tavern or within families (just gessing).

TD
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islandboundjohn
Stone Skipper


Joined: 25 Jul 2006
Posts: 10
Location: milford mi bois blanc island petoskey

PostPosted: Thu Jul 27, 2006 4:48 pm    Post subject: Reply with quote

ok thanks. Hahahaaaa at the tavern huh?Wink
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Conis
Resident Royalty
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Joined: 15 Jan 2004
Posts: 2198
Location: My New National ID Forehead Tatoo

PostPosted: Thu Jul 27, 2006 4:55 pm    Post subject: Reply with quote

That wasn't a joke.
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islandboundjohn
Stone Skipper


Joined: 25 Jul 2006
Posts: 10
Location: milford mi bois blanc island petoskey

PostPosted: Thu Jul 27, 2006 5:03 pm    Post subject: Reply with quote

ok not laughing
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islandboundjohn
Stone Skipper


Joined: 25 Jul 2006
Posts: 10
Location: milford mi bois blanc island petoskey

PostPosted: Sun Jul 30, 2006 8:45 pm    Post subject: Reply with quote

we are still interested in talking to others that may have or know of property available for sale. As said before looking for a group of small lots preferrably. Will be on the island aug. 11th
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