What is the purpose of the two million low-interest loan to Seminar Solution LLC?

Essentially gamifying the learning of real estate jargon, terms, laws, etc!

It’s a city I know well because I built a 12-door portfolio there between 2019 and 2021.Detroit offers a lot of value in terms of affordability and rental demand.

Experience depends on who you deal with - the cleaner the loan file and more organized your paperwork the smoother the process with any private lender.

Assuming since you did any FHA loan, this was a househack?

I have found there to be a real shortage of long-term rentals in Ludlow and the surrounding area.  

I mean, don't get me wrong, we have to comp the property...so if you are looking to REHAB the property and make it something different, then you need a rehab loan first and then refinance after type of thing. 

These are not long-term rental properties, and our guests are traveling to the desert for vacation, not because they need a place to live for two nights on a weekend. 

Since it was over 12 months with my HML, I ended up taking the property under my name with a 30-year conventional loan.

Any referrals or recommendations for good and qualified brokers, sellers, property management companies, loan brokers, insurance brokers, mortgage brokers, contractors, etc.