And they take a cut along the entire way - they sell you the house that they have rehabbed and are selling at appraisal value - (making commission plus flipping profits), they lease the house for you (take a management fee), they repair (take a %), when you sell (there they are taking another percentage).

Careful going outside state lines -- contract for deed is not allowed in Texas.I didn't think COD is illegal in Texas, just perhaps not recommended anymore, because it is difficult to comply with the rules or regulations. 

Most land bank properties, Detroit or Wayne County, are trainwrecks and cost more to rehab than they are worth - unless the market keeps improving.Be careful on the next one, but keep improving Detroit!

I called back again and asked for the Supervisor and 2 weeks later still no call.Based upon my experience, I would strongly urge anyone to be very careful doing business with Ron LeGrand or Financial Freedom.

I'm lucky to have a motivated client/investor that wants to work with me, and I feel a tremendous amount of responsibility to take care of that trust and investment.

With careful planning and local insights, Richmond can be a solid addition to your investment portfolio.Good luck!

Hard money lenders have a good amount of flex when it comes to FICO score and typically the main issue that borrowers with low FICO's have is that their max loan size gets cut which doesn't seem to be an issue here.

She doesn't care that you manage the property, she cares how you manage it.

Be careful of renting in Northern liberties, fishtown, brewerytown, point breeze.

@Jason Wray Thank you very much for this response ..I’ve never sold one of my rentals before feels like I’m cutting off a leg and paying close to 100k for cap gains is really starting to eat at me 😵‍💫Any chance you would be so kind as to send me a link to something in the ballpark of what you’re suggesting this way I can get an idea of area and what this type of property could look like!