If not, work on Improving it before purchasing an investment property.  

However, we have a two-pronged process to credit repair: negative items remove and positive items improve.

Your credit score will be worth improving to acquire better financing options.

What drew me to Detroit initially was the potential for strong cash flow, but I’ve also seen appreciation in several of my properties as the city continues to improve.

By reimagining layouts, we improve functionality while enhancing the overall aesthetic.

I recommend researching the average appreciation over the past 10 years in your target area to get a clearer picture.As you know, in real estate, ROI comes from multiple sources: Home Appreciation:  Reno Appreciation: Value added through renovations or improvements (usually just in the first year).

At the same time, someone else reduces your debt, and you get to use the tax code to improve your tax situation legally.  

Minimal or negative cash flow in the first year or two isn't uncommon, especially in appreciating markets, but make sure you have a plan to improve profitability.When you're ready to move forward, I’d be happy to help with financing options to maximize your investment potential.Best,Drago Thank you so much Drago!

The more rational you are, the better the outcome.Practice and LearnLike any skill, negotiation improves with practice.

The loan does need to be secured by the property being improved if we are talking about a personal residence and personal itemized deductions on Schedule A.