If you're doing that, even on your ads, you're building your reputation and credibility.Tiger M. - I definitely appreciate people getting more familiar in the community before advertising; that said, I'll go dig up your post, but I believe that most people are skeptical of "bulk" deals.

Have you looked at Michigan or Ohio?

My one main question now is, would anyone else who happens to be in the central MI area happen to know any rehabbers?

Karen M. I

Hey everyone. I have been talking about wanting to invest in real estate for over a year now, but i have never taken any action untill now. I am 20 years old and want to be financially free and I am so happy that I am...

I'm forming an LLC with a friend in Michigan.

The property is mortgaged at $119,500.00 @ 4.875% and the PITI is $940.00/mo including the $90.00 MI payment.

Sergiu,No fault of yours, but I don't think you know exactly what happened here.1) The sales price in a short sale is irrelevant to seller, since he gets no extra money no matter what the price.2) Perhaps "the price was too low" means that the lender (1st or 2nd or MI) won't waive the deficiency, without additional money from some source.You need to talk the actual person negotiating the short sale.There are more moving parts/negotiations/obstacles to a short sale, especially if there multiple liens, than the typical buyer will be aware of.Again;1) Does your contract/short sale addensum allow the buyer to back out if the deficiency is not waived....some do, some don't.2) Have you passed a timeline in your contract where "either party may cancel the contract"(typically 90 days) or "this contract automatically terminates"(typically 120 days)?

I have had bankers look this up online with our secretary of state and verify its my LLC.I'm not really sure what that is, I don't remember having filled a document called like that in Michigan.

The energy provider and the Michigan attorney general were investgating them for fraud.