Now we do access that equity still when we hold, so we get the benefit of both, but that's because we can.You just need to have a really good repeatable, and self sustaining system in place to take full advantage of the Michigan market...especially when you are dealing with a partnership.

There is NO possible way that he carries any insurance or makes any kind of profit to sustain a profitable business.

Is $215k a sustainable appraisal come refi crunch time?

Thanks,Mike Mike, I think this is fairly complex scenario, more details required, however, immediate response -Nothing wrong with buying something that is valued retail,  certain conditions still apply, if you were to do a  capital infusion as you stated it still needs, will the units sustain this improvement and equally your ARV will increase?

I've wondered how he ever did sustaining such a loss without a possibility of recouping on those properties.

Till economically sustainable 2-3.

Regardless of what specific real estate investing strategy you employ in your business, real estate represents the single best method of creating long-term, sustainable wealth available today.

This increase in risk however is compounded by the fact That once your reserves are gone you can not add money from other sources to sustain the property in a downturn and unexpected vacancy.

Wholesaling is not easy and requires sustained spending on a marketing campaign to be effective, it also has no guarantee of return. 

I'm in Louisville and building from SFH to multi-family here, but Huntsville will have sustained stable growth for years to come.