Rick Soto
Conventional with seller paid CC and a 3-2-1 buy down or FHA with a 3.5% down
6 December 2024 | 4 replies
You're not buying a multi-unit, no need for FHA and the permanent MI which comes with it.
Nate Jenks
Fixed vs "first responder" Adjustable rate mortgage.
11 December 2024 | 10 replies
Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained
Laura Morlock
Very Cool Property - What To Do With It?!
7 December 2024 | 7 replies
I'm considering a property here in northern Michigan as a boutique hostel.
Brady Pretzlaff
First House Hack Questions
4 December 2024 | 3 replies
I am a student athlete at Michigan state university and am planning on starting my investing career with my first house hack.
Matthew Mclean
Do I accept a Housing Voucher?
11 December 2024 | 29 replies
I'll start by looking up Michigan which is where I live.
Nicholas Woo
what are your thoughts using Anderson advisors?
23 December 2024 | 30 replies
on their workshop I've asked if LLC owned by 2 non-residents which is partnership and owns michigan Single-memeber LLC would need to fill our 5472.
Mike Tikh
How to choose a location from the US?
2 December 2024 | 35 replies
However, I have no idea how to choose from the remaining cities, it seems there are a lot of potential options:- Midwest - Michigan (ie: Grand Rapids) seems to have options, also seeing Columbus Ohio and Indianapolis coming up- Reno - I've seen mentioned several times on here- Pittsburgh / Philadelphia / Twin Cities - All mentioned as lower cost to get started, and seem to be experiencing growthI'd ideally like to find a place that has strong potential for future growth, a diversified economy, and I don't mind living in (being close to nature would be a plus).
Sonia Vanegas
advice on landlord threating to void clause in lease and raising rent
16 December 2024 | 21 replies
Quote from @Greg M.: I want to hire some of the people here next time I need rooms painted.
James Kerson
Would You Use A Discount Broker? Calling All Flippers/Investors
2 December 2024 | 2 replies
While this brokerage would start in Ann Arbor, I would want it to expand to all of Southeast Michigan, then statewide, and ultimately nationwide.As flippers/investors, would you be interested in listing with this brokerage?
Michelle Simoni
Great Flip Markets But Wary
1 December 2024 | 6 replies
I am doing projects in Michigan, Ohio and Chicagoland.