Updated almost 5 years ago on . Most recent reply
Newbie - Investing in Detroit
Hi BP,
I am extremely excited to be apart of this community! The podcast, articles, and tools are amazing! I was hesitant to post but have recently been encouraged by a fellow investor.
I am a new investor in the Detroit area looking to do flips, Brrrr and househack. I have closed on my first flip and the rehab will begin this week. I am working on closing on my first househack. A little hesitant on this one, moving my wife and new teenage foster daughter to Detroit but I think it could be life changing. How soon can you move after a househack with a conventional loan?
Please let me know if you have any advice or want to connect. Looking forward to learning and growing with all of you.
Most Popular Reply
Hi Daniel. With a conventional residential loan you need to have the intention to live their for a year.