If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

My idea is that if we were to be spending that money anyways, it is smart to at least explore ideas such as this where we can double the income from having 2/3/4 doors.

Be careful it does not go into default : mature as the fees pretty much typically double

However, if you have a more extensive portfolio or plan to become larger in the next year or two, I would look for a double-entry system that allows bank reconciliations.

I'd like to fund larger amounts like double closings.

I usually do double to triple checks on their properties and everything they have pitched to me and it checks out okay.

I have done a lot of those with small builders.. that way we get our rate of return on our note and at exit we made a nice spiff some times double to triple how much we lent..

I'd say double check with a lawyer in your area about the possible liability.

You can also do a double close if the agent or the seller is against wholesaling.Double close is a process where you first close as a buyer and turn around and close as a seller, typically within 24 hours.I am in metro detroit too.

There should be an automatic double-lifetime BP ban for the offender, as well as anyone who responds to the thread—and maybe their entire family and all friends.