Account Closed, our new Chief Product Officer, has already started to go to town bringing this site into the 21st century.

Any experienced advice would help and be greatly appreciated.Easiest way to avoid this is to rip off the bandaid and do it right with the large capex items.Detroit homes are pretty simplistic, especially if you're buying a bungalow.

It took me a few years to buy after becoming a realtor.

Sadly, the best I can usually do is a 30-year amortization with a few years of interest only.I'm happy to buy those assets as long as I end up with positive cashflow after the I/O period ends. 

@MattOwens My partner and I have been buying multifamily in Grand Rapids since 2009 and continue to invest.

The Attorney Generals office which was tasked with this, and already had a guidance memo that wholesaling was unlicensed brokering, did not have the resources to pursue the subject.So by requiring that the act requires a license, shifts the burden of enforcement primarily off the AG's office and to the MREC, who has a narrower of focus of protecting the public in matters regarding real estate.

Personally, I've been investing in mobile homes as a buy and hold investor since 2007.

If you want to be cheap down to the dollar, tell your lender you’d like to buy down the rate and use the sellers concessions against that cost.

I have never hired an inspector and have done 100s and 100s - appraisers  again    NO need, UNLESS your getting a loan then the bank will bring their own - contractors      Happy to help Thanks in advance, and happy hunting :) Hi have been buying and selling there for many years all while OOS.

If you are buying property for yourself, you get to keep the real estate commission.3.