Make sure you put in your contract with the GC some performance incentives to make sure the renovation is done on a timely manner.

Hey Dominique,Welcome to the forums and congrats on diving into the Detroit market!

@Sharad Bagri  Lots of people say "as long as the payments are being made on time, the lender won't care." 

@Dexter K.Hi Dexter, yes I am available, +48 694098868Bigger pockets is not used very much in Poland and I created my own real estate investing group on FB:https://www.facebook.com/groups/warsaw.real.estate.investingWould be open to a coffee meeting whenever you come over! 

It is set up like a duplex as there are 2br/1 bath on each floor.

Educate yourself on the difference between Checkbook IRA and Full Custodial IRA. 

“The completely different movement” I suggested 5 years ago is catching on?

Hi Amy, It's always nice to see a neighbor posting on the forums.

I am under contract on a lake front house but still in the due diligence period - I just learned that it's designated flood zone A.

If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.