And more like 270 to 300 for pre-existing.

So I wont say not to buy cause I have and it has paid well but getting anything appraised is PAINFUL.

Payments can be made in either 3 separate payments or in paid full around the thousand dollar range.

The original loan will be paid off in 5 years, then the only expenses will be things like repairs/maintenance, property taxes etc - haha, or is there something I'm missing and not thinking about? 

I had some luck in real estate groups and by sharing success stories, but the pace was slower compared to paid ads or SEO methods.One thing I recently explored was incorporating tools like those for Social Media Posts using AI.

Only thing better would be initial deposit and then paid in full upon Certificate of Occupancy and punchlist complete.Of course, standard items should also be checked: licensed, insured, willing and able to pull all required permits, reference checks.I would also commonly avoid the cheapest bid you get.  

Ask for a "Pre-Underwrite" this is where the bank underwrites the file and give you a "Loan Commitment" instead of a generic "Pre-approval" letter.

I hope everyone is well, I came here because I need expert advice from you guys, let me tell you my situation: I have a investment property that i purchased 2 years ago and is valued at 65k that does not have any mortgage and that is already paid off, I want to use that property to buy another one for down payment , the question here is: What is the best way to do it. a heloc or a cashout refinance and why. your response will be appreciated :)

Is anyone seeing a sizable increase in pre-foreclosures in their market yet?

A property qualifies as Homestead for this exemption if an eligible owner files a Principal Residence Exemption (PRE): https://www.michigan.gov/taxes/0,4676,7-238-43535_43539-210891--,00.html#:~:text=Section%20211.7cc%20and%20211.7,purposes%20up%20to%2018%20mills.Many investors have gotten an ugly surprise when they bought a property that was a primary residence of the seller for the last 20 years.