All Forum Posts by: James H.

I have read that local banks and credit unions are the best avenues to take in order to get sub 100k mortgages for buy/hold properties. I was wondering if any of my fellow Michigan residents were willing to share what financial institution they used to finance a sub 100k property? Any specefic details as far as the terms/requirements would be greatly appreciated (amount financed, term length, interest rate, etc...)

0 Votes

@Perry Ivy

Does it affect how much you charge for rent?

0 Votes

I was wondering what you guys opinion was on brick homes vs frame homes? Im looking at older homes (built in 1950/60) that I plan to buy/hold.

0 Votes

Originally posted by @Mark Byrge:

Depending on the areas you look in, there are still some deals to be found. Certainly the low hanging fruit is gone, but with patience and homework, you can still find the occasional gem. Some lower price point areas with decent CCR are Eastpointe and Roseville in Macomb IMO anyway.

Thanks for the info

0 Votes

Originally posted by @Richard Ball:

@James H.Hello James! There is a lot of information on this site so all I can say is read read read and listen to the podcasts. I will second @Kah M. when you are finally ready to buy ask your prospective Realtor how many houses they have flipped or how many rentals they have and if they say none call the next Realtor on the list. Unfortunately I am not that familiar with Redford but if you ever expand to Detroit or anything in Oakland, Macomb or St Clair County feel free to reach out to me when you are ready to find a good deal or just want someone to bounce an idea off or verify if you have a deal or not. Congrats on your first step to success!

Thanks, will do.

0 Votes

Originally posted by @Kah M.:

Hi James! What kind of properties are you interested in? Multi-family? SFH?

Im currently interested in SFH

0 Votes

Im here in search of knowledge and networking. Im a brand new investor who is open to any advice about the real estate industry (wholesaling, buy/hold, flipping)

2 Votes

All Forum Posts by: James H.

James H. has started 3 posts and replied 8 times.

Post: Sub 100k financing in Michigan

Post: Sub 100k financing in Michigan

Post: Brick vs Frame

Post: Brick vs Frame

Post: New member from Metro Detroit

Post: New member from Metro Detroit

Post: New member from Metro Detroit

Post: New member from Metro Detroit