It seems bargains come along frequently in this market.  Nearly every week I find a home for sale in the Kalamazoo or Portage area that is priced below market value in one form or another.  Some of the homes I see would make great long term investments.  I call those "Buy & Holds".  They are prime properties to buy and create rental income.  They could possibly be sold one day for a nice profit. 

Another bargain home I see quite often is the home that needs some rehab that is in a desireable Kalamazoo or Portage neighborhood.  For example, it might be priced at $40,000 in an area of homes that are selling for $75,000 - $85,000.  Milwood for example.  The home might need $15,000 of labor and materials to make it marketable, but that still leaves some room for profit on the resale.  I call those "Flips".  Those homes can be purchased, rehabbed and flipped for a profit.

Although less common (and potentially riskier) in the Kalamazoo or Portage area than the "Buy & Holds", flips are a wonderful opportunity for short term profits.

But the most common bargain home I find is what I call an "Owner Occupied".  I call them that because they aren't in need of a lot of rehab work, in fact sometimes they are in move-in condition.  They aren't a rental property either.  They are simply a bargain priced home that is ideal for someone to buy and live in.  

One such home is located at 12590 Country Grove Circle in Portage, MI.  Near Sugarloaf Lake off of Shaver Rd., this home is within Avalon Woods subdivision.

Priced at $209,900, this home represents a tremendous value for any homebuyers searching that price range in Portage or Kalamazoo. 

Take a look at the video below and visit the featured homes at our website for more information on this 4 year old home with over 3,000 finished sq. feet, 3 car garage, 4 BRs, 3 BA, fireplace and more.