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Updated almost 6 years ago,

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Newbie Real Estate Investor In Lansing, MI with a few questions.

Posted

These questions are going to be a bit random. Just asking them as they come to me. 

1. What is the legality of renting a house "rent to own." Do I need to own the house free and clear or can I have a mortgage on it? I'm thinking about implementing this strategy potentially for the future and just want to know how best to do it or find the best resources in my area for learning about it. 

2. How do I find a good title company in Lansing Michigan who works with real estate investors? They need to be able to do a double close because I am also just getting started with wholesaling on the side. 

3. Should I have a title company or a real estate lawyer? What are the pros and cons? 

4. Has anyone used Propstream for wholesaling and finding deals? Is the 99 dollars per month worth it? I'm doing a trial right now and writing letters but I'm not sure if I can get the same information somewhere else for cheaper. 

5. Since I am getting into wholesaling where can I find wholesalers in my area to connect with? I've joined my local REIA group. Where else should I be going to meet not just wholesalers but real estate investors?

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