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Updated almost 11 years ago on . Most recent reply

User Stats

37
Posts
6
Votes
Dan Favor
  • Real Estate Investor
  • Howell, MI
6
Votes |
37
Posts

Well I'm approved for & RD loan in MI.. now what?

Dan Favor
  • Real Estate Investor
  • Howell, MI
Posted

So I have done a couple deals in the past and am approved on a R development loan.. ( 100% with up to 6% seller concession,) have a full time job and my LEASE is up the end of May. My plan was to find a deal on a property that needs work. ( no full gut jobs, foundation, tear downs.) I can do plenty myself and would live there while I get the job done.. who know maybe two years for tax benefits and maybe find another in the process. I'm a single guy that wouldn't mind the clutter and being 50 with no whopping retirement plan I need to pull the trigger on something... anyone travel this road before?

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