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Real Estate News Releases
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(EMAILWIRE.COM, May 19, 2008 ) Detroit, MI — The Detroit market has left novices and experienced investors in regret, bankrupt, and empty-handed. Some say the day of Wheeler-dealer’s pitches, and high-profile reputation of national speakers is not all good in the real estate game in Detroit, Michigan. Michigan is now one of the leading States in foreclosures and unemployment.
Jennifer Dixon, Free Press staff writer said “Mark Maupin usually has a rumpled look as he scouts Detroit and its suburbs in his car, always searching for his next real estate deal, a cell phone ringing constantly in his hand.” Behind Mark Maupin's unassuming demeanor, however, is a man with a high-profile reputation. Over 30 years of real estate investing, has resulted in over 3500 property sales, and having dozens of metro Detroiters lend him money to finance real estate deals.
Maupin says “Some say I am a master at selling hope; and I am! I have purchased, and been involved in selling, over 3500 properties. In doing this I have had major successes and some failures. In our current market, many investors and homeowners are going though what they think of as failures. I say you must have hope, and stay in tune with the market. At one point in my life I was buying and fixing 8 homes a month and reselling them very successfully. Then one day I woke up and said if I can do eight month and I can do eighty a month. That was the major mistake in my life that led to bankruptcy in September 2004 with debts of $2.44 million, most unsecured, and with assets of $496,970 and with interest in 17 companies. I was living in a $330,000 Highland township home which was over-leveraged. I had to take all of my net worth plus, to try and keep afloat, so could make it all turn around. I was totally out of control; I failed, in another instance, to repay $140,000 in loans because some of the properties I bought were demolished. I had bit off more than I could handle. There are always deals in real estate. Investors and home owners need to learn from my failure; the best way to measure success in real estate is one deal at a time. The biggest mistake I made is the same one I see other investors make; that is taking on way more than they can handle. An investor has one success and then says if I can buy and sell one I will be able to do five. The investor exceeds what they are able to handle.
In the Detroit market we now have many long term investors who have lost everything when the market did a down turn over the last year. They now have properties worth less than what is owed on them. Many of them are facing state and federal authorities investigating them and their dealings. It killed me when the company I was member of, Donate Real Estate, a state-licensed fund-raiser that I had to help sell properties on behalf of charities, was looked at by the state and federal authorities. The sad part was we raised over 3 million dollars for charity, and end up losing over + $400k and could not keep the company alive.
When I did go bankrupt I had one party go after me in federal court. And in the end after all kinds of false changes by Jim Olson, Olson's company, Prairie & Pacific Group, I won the case in federal court, proving them wrong. But what did that get me? The answer is absolutely nothing! The whole point I want to make is take your investment one deal at time. DonÂ’t put yourself in a position to take on more than you can handle. Be responsible in your commitments. You do not want to end up as I did, in bankruptcy and court, spending money to prove your point. The time, the money, the negative energy for taking on more than you can handle is not the way to handle your affairs.
Mark MaupinÂ’s Web sites address his Detroit Metro reputation,
www.MrLeaseOption.com , www.Ralphmaupin.com , www.MarkMaupin.net, and www.DetroitInvestmentHomes.com
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This press release was issued through GroupWeb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com.
Mr. Lease Option LLC
Mark Maupin
248-939-6232
maupin.mark@gmail.com 
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