Meet Bill McMachem, a former yacht dealer and the former owner of the MacRay Harbor, who bought every single foreclosure Macomb county had in the latest auction, invoking the ire of some other locals who did not get a chance to bid. Now the proud owner of 650 properties, what is next for McMachem's McMassive Macomb holdings? Sales of course! He's looking to get rid of properties and thinks he can make $2 Million on this whole real estate experiment. No one has ever bought the entire foreclosure auction list before, so if nothing else, he's already made history.
UPDATE: Whydontweownthis has a map of McMachem's McKingdon in Macomb.
· Millionaire buys every tax-foreclosed home in Macomb County [Fox 2 News]
· One Company Shells Out $4 M For 650 Macomb County Properties [Curbed Detroit]