How long ago did you purchase the property?

You will see more of these types of changes coming out of government, we can’t build all A properties at ungodly numbers for dirt and building costs!

We like doing the hard work of doing due diligence, researching property histories, getting estimates, negotiating contracts, etc.We're also going to be looking to buy and hold in the near future possibly by BRRRRing.

Even this is an incomplete list.Worst of all, the main reason not to make this loan is that you will not hold a first position-lien against the property.

Never wise to lie, especially about property improvements. 

Hello BP Community, Can someone share their experience or guidance on how to get a rental property certified for Section 8 in Detroit? 

Mortgage rates would likely stay above 7%, keeping financing costs high and reducing affordability for buyers.Investors takeaway: Focus on off-market properties and motivated sellers where there’s more room for negotiation.

Since part of your home is a rental, you can deduct a portion of expenses like mortgage interest, property taxes, and utilities.

The way you handled the owner financing and took on the full rehab speaks volumes about your vision and confidence in the property.

The land is on two tax lots so my plan is to sell the extra lot immediately after closing for a projected $275K.The property on the other lot will be a fix and flip with projected costs of $240K and an ARV of $750K.I plan to use a PML of 2 points and 12% APY for 70% of the total cost.