If the tenant asks you what's going on, tell them they can move out or talk to your attorney.

On paper the cheap houses look great, but the reality is they are harder to manage, have higher turn over and cost a lot more time and money.Buying before you retire is a good idea because once you retire, your ability to borrow money is going to decrease as you don't have a regular income from a job.As you want to fix houses up, why not buy a house that needs a bit of work, live in it while doing the renos and then move when you sell it. 

The Fed’s cuts in 2024 initially moved mortgage rates downwards to their lowest level in nearly 20 months.

I’ll be keeping this in mind as I move forward with my own investments.Wishing you the best as you figure out a solution, which, from the responses that I'm seeing, are good solutions, but still tedious tasks to undertake.

This helps you stand out from the typical lowball inquiries the agent may have received.After the walkthrough, if you’re ready to move forward, explain your reasoning.

I am from some of the worst areas in Detroit and have since moved outside of the areas that would be considered “unsafe” but because I am from Detroit I am familiar with areas that are redeveloping and have great growth potential; lots of new construction, townhomes even, and lots of land.

Once that payoff is made the wrap mortgage moves to first position. 

From updated tenant rights laws to shifting zoning regulations, staying compliant can feel like a moving target.

Live in one side and renovate that side, then after the lease for the other unit is up move into that one and renovate it.

The big opportunity here is creating a scenario where both parties come out ahead, especially in situations where the seller might otherwise walk away with little or no proceeds.If you’re considering moving forward with this kind of structure, I’d be happy to assist with running the numbers or exploring funding options to make it happen.