What makes Bloomfield Hills attractive for real estate investors?

Strong appreciation (~6.2%/yr), high executive-renter demand, top schools, and limited new construction support premium rents and stable occupancy for single-family, condo, and redevelopment plays.

Why choose Michael Perna for investment acquisitions?

312 closed investment transactions, 18.3% average annual returns across client portfolios, accurate underwriting, off-market access, vetted contractor and property-management partners, and portfolio-grade financing connections.

How does Michael find profitable deals?

Daily MLS screening with custom analytics, off-market relationships (estates, divorces, quiet listings), neighborhood driving intel, foreclosure/tax-sale monitoring, and builder/contractor lead flow.

Which investment strategies work best in Bloomfield Hills?

Executive rentals, value-add single-family, fix-and-flip near Cranbrook/Birmingham borders, tear-down redevelopment on premium lots, and long-term appreciation plays in emerging pockets.

Can you share a recent investor success story?

A three-home Square Lake Road package was acquired $200K under ask. After $150K targeted renovations, rents stabilized at ~$4,750 per unit with ~14% cash-on-cash returns and strong appreciation upside.

What financing options are available for investors?

Conventional 25% down investor loans, portfolio lenders for unique assets, hard-money for flips and bridge needs, commercial loans for 5+ units, and seller-financing structures when advantageous.

How does Michael evaluate deals?

Full pro-forma (rents, expenses, vacancy, management), cap rate and cash-on-cash metrics, renovation budgets from vetted contractors, rental comps, exit strategies, and sensitivity testing.

Do you help with property management?

Yes. Michael connects investors with vetted Bloomfield Hills managers for leasing, compliance, maintenance, accounting, and reporting—so assets perform passively and predictably.

What tax strategies should investors consider?

1031 exchanges, optimized depreciation (with cost segregation where appropriate), interest and operating expense deductions—coordinated with investor CPAs to maximize after-tax returns.

How quickly can a property start producing income?

Rent-ready homes can lease within 1–2 weeks via partner placement; light value-add typically reaches market in 30–60 days; flips target 4–6 month turns depending on scope and permits.