Time to close, cost of capital, & their requirements - there's a few that cover detroit & will lend up to 75% of ARV, 90% of purchase price + 100% of rehab costs

@Travis Boyd Outside of instances where FHA or other extremely advantageous financing options exist I am a proponent of the LLC for investment real estate although the liability piece is overstated.

My best piece of advice is to buy a house with an existing permit.

NW covers a broad range of neighborhoods.

You’ll have a pre payment penalty.. likely 3/2/1 or 5/5/5Bottom line.

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.

Once you evict them and are ready to rehab, you have various loan options to cover the renovations costs and pull out equity.4.

They will sometimes cover some of the damage with lots of back and forth.Look into companies like Waivo and Safely.

Hello Scott, developers require a minimum down payment of 30% and the balance in  to 9 months in a pre construction condo.

They can get a loan from the solar company, but would prefer a HELOAN or HELOC to cover the solar and consolidate.