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Federal Home Services, Inc. (FHS) is a Licensed Rehab & Building Contrator (M I) serving investors who are building wealth investing in real estate. Our customers are people looking to increase their financial well being through the power of leveraging. The "Power" is letting the Renters (and/or rent-to-own buyers) build equity in your holdings by making the mortgage and insurance payments for you via rental income!
The Metro Detroit area offers a fantastic opportunity where you can purchase prime rental property that will generate positive cash flow. Try that in California, Florida, Nevada or other "hot" real estate markets! Recent meetings with HUD officials affirmed they are in need of more than "5,000 qualified Detroit homes for S-8 occupants".
FHS purchases distressed properties which are refurbished to the highest standard* meeting city occupancy code requirements. We stand behind our work providing the Buyer with a one year warranty* supported by our professional staff. As a large cash buyer FHS acquires great properties at significant discount passing along excellent values & savings directly to our Buyers! Most properties contain between 25% to 50% equity at closing!
FHS researches 100's of properties in order to offer the best investment property possible to our clients. Each purchased property has been reviewed for the community it which it is located, building structure, and neighborhood. Rental rates are based primarily on Building Style (i. e. number of bedrooms/baths), neighborhood, and property condition. FHS works to optimize our client’s investment purchasing properties with focus on these important features.
The demand for FHS properties is very good and most are are “Pre-Sold” which allows you to participate in the rehab process customizing the product to fit your needs. The relationship begins by choosing a property, signing an agreement outlining the refurbishment required along with a small escrow deposit. The property is not "closed" until it has been completed and both parties are satisfied.
Before a project begins FHS goes thru the property with a "fine tooth comb" to insure they are rebuilt in a way that will provide Buyers with years of care free service. Out-of-town Buyers are updated via e-mail (w pictures), and we encourage our local clients to visit the job site. At closure FHS delivers a finished product that you can be proud of owning, that will pass HUD review and desired by potential tenants.
FHS will coordinate Utilities Services such as gas and electric turn-ons, setting up Landlord arrangements and even see to water affidavit filings. At your request, a pre-qualified tenant (working or S-8) will be installed Property Management Services for out-of-state Buyers provided.
Caution...don't buy someone else's problems! What might appear to be "bargains" usually not what they seem and can end up costing big money to fix and lost rental opportunity. Our object is to give you a quality, problem free property providng income from the first day of ownership. New roofs, furnaces, electrical serive, refinished floors, new HW tanks, vinyl windows, chipped out paint, etc are standard repairs. Time is money and with an FHS house you can start collecting $$ rent the first day of ownership.
To recap, FHS provides our Investor Clients with quality refurbished property(s) with 25% to 50% $$ equity, meeting city, state and HUD qualifications, backed up by a one year service warranty, with a pre-qualified tenant installed, and supported by qualified FHS staff and service people! Why look anywhere else for your investment real estate?
Call us at (248) 476-5149 or e-mail (federalhomes@msn.com), we'll set-up a time to meet that is easy and convenient for you. Let's start building your real estate wealth portfolio today!
For Sales Call ... (248) 476-5149
Existing Customers requiring service call (248) 476-5945
FHS is a Michigan licensed Refurbishment and Building Contractor.
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