If you are still interested in this deal after your research and thinking about the potential upside, then you can begin your 'pitch' by assuring the sellers that they'd save time AND money by dealing with you directly.

Cash. pooled money from investors.

I am from MI and am starting to spend more time here.

Hi Account Closed, I run a hard money group in Chicago and we fund BRRRR projects.These loans are typically structured similar to fix-and-flip loans - interest-only bridge loans that are repaid with the proceeds from the refinance following the completed renovation.

Like others said - you get a homestead exemption (if you do the work to file it), you get special financing (FHA, low money down), your insurance can be better...

Hard money loan How did you add value to the deal?

If you believe she is honest, hard working and her style of communicating fits you- she needs an app to help her with paperwork I suggest yardi or doorloop/ get a contract in writing that you negotiate with every nitty gritty duty- for example: who keeps copies of keys, how often are inspections done and how is the data provided to you, what dollar amount she can front money for repairs, when to call you...

@Tavish File, it sounds like you would be working to pay MORE money!

im looking for advice on financing a purchase. we were hoping to use as little of our money to buy a house and use the BRRR method.

And while they bring in tons of money, they don't hire many people or have many storefronts other than their giant campuses.