It drives me crazy but it does force me to 'prove it' before we spend money.

We were told the secondary market started rejecting the lower priced paper that they were originating and they were forced to raise the rates.  

Purchase price: $365,000 Cash invested: $550,000 Bought to live in, forced some equity and was able to get out almost all of my cash. 2.3% interest rate!

Given your focus on equity and scaling for future development, targeting properties where you can force appreciation through value add renovations seems like a natural fit.

This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.

In short, he could simply not return the money or the profit by saying that he had reasons of force majeure, without clarifying any additional details.

Purchased home with potential upside in hoping to force appreciation in the house in order to create equity and eventually utilize the equity (HELOC) to begin investing in other properties.

When you say the 2 plex appreciates more, are you talking about forced appreciation or simply the value going up as the market goes up, what I'll call simple appreciation?

The shills come out in force.

Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained