Newbie - Investing in Detroit

[Daniel Carty]

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.

[Dylan Eldred]

Hi Daniel. With a conventional residential loan you need to have the intention to live their for a year.