Man Bought 650 Michigan Foreclosures For $4.8 Million; Will Donate Ones That Don’t Sell
Bill McMachen just bought every single tax foreclosed property in Macomb County, all 650 of them… he just had to pay the $4.8 million in back taxes.
The millionaire bought the properties at a county auction last week. The properties include houses, vacant lots, and even a big commercial building.
The man says he’s going to turn around and offer some of the properties at near-auction prices to those who missed out.
And get this, McMachen said the homes he can’t sell will be donated to needy organizations. How cool is that? The only thing that would make this way cooler is it were in Detroit!