hi guys,I have saved a 20% downpayment a property but struggling to save the remaining 65K for fixing the property up.Example, the property cost 150K, I saved up 35k, but struggling to save up an additional 65K to do the rehab (my understanding the lender will not give me the rehab money right away, I have to pay my own money to start rehabbing and the lender then will reimburse me in stages the rehab portion)Correct?

Hello, my name is Jeremy, and I am a new real estate investor and property manager, with a growing presence in the industry.

Has anyone here participated in the Wayne County Treasurer's Auction of Tax-Foreclosed Properties?

Cody,It is not easy with low down payment and  with current prices, property taxes and rates to live for "free" these days in most of the country.

If you cash out equity in a property, you are "borrowing" that money from the lender.

And many investors, both local and remote, are finding properties with decent revenue returns and/or cash flow.

Team Up with a Good Agent: A solid local agent can help you navigate the ins and outs of multifamily properties.

The property was built in 1940 and has cast iron piping.

We run into a lot more break ins in our Cleveland properties than we do with our Lorain properties.

There are plenty of CASH COW properties out there tho.