Draft a Contract for DeedAlso known as an installment sale or land contract, a contract for deed is when a buyer does not receive the deed to owner-financed property until he makes the final loan payment.

We almost moved there in 2017 and even had offers on a few homes that went far more above ask than we anticipated.We ultimately moved to Metro Detroit and invested in Detroit proper.

I would need more details about what you are looking to purchase and credit scores to be able to properly price this out for you!

Generally speaking, I have not seen underwriters look too deep into occupancy concerns related to second home vs investment property since Fannie/Freddie installed new LLPAs a couple years ago that make the pricing for each aligned in most cases.

Thus, the next challenge and frontier for many DSCR lenders seeking to serve the growing number of real estate investors pursuing this strategy is to cement a qualification and underwriting methodology to properly qualify MTRs and accurately project their revenues.

I think it can depend on the value your market places on an extra half bath vs. cost to install.

Pretty much all major components were newly installed / fitted and done to a tasteful standard (new metal roof, plumbing, electrical, kitchen, flooring, bathroom, doors, new hvac, decks, vinyl siding etc) and I have visited and walked through 3 times and even been under crawl space to inspect a repair that was previously noted on an inspection to the foundation after termite treatment which looked to be a good job.

You should consult with a qualified contractor to discuss options and costs for proper repairs.

Check with other major insurers as many are offering STR coverage these days.We use Proper.

I wanted to let you know that I have security cameras installed around my property, which allow me to monitor activity, including the tenant’s comings and goings.