My initial plan was to flip it, but due to the uncertainty of the market direction at the moment, I decided to keep it as a rental and refinance it to cash out my investment cash: 70K + 5K Fixed Costs + 25K Rehab = 100K 125K x .8 = 100K the #s makes this a solid BRRR deal.

A little bit higher cost, but they deliver and try to provide value-add every step of the way.  

You won't get the same initial return, but you will spend less on maintenance and will have more long term growth in property value.

” (35 ILCS 200/15-175) The amount of exemption is the increase in the current year’s equalized assessed value (EAV), above the 1977 EAV, up to a maximum of $7,000 in Cook County and $6,000 in all other counties.Our scenario is my mother and step dad live in a SFR of ours and their rent is solely based on the total costs of the property (mortgage, insurance, and property taxes).

Follow these steps for Detroit LOVE;1)  Love Your Partner.  

Working in the tech industry, I was able to save enough money (initially planned to buy a home for myself, but after reading Rich Dad Poor Dad the goal obviously changed) for my first investment.After analyzing the potential markets to invest (Ireland, UK, and Portugal), I came to the conclusion that Portugal was the best choice.

Hi Shequila, your first step would be to contact a mortgage lender in your area to help you get pre-approved for a home loan.

Has anyone purchased homes from the courthouse steps from auction.com?

How big of a concern is the “step transaction doctrine” (assuming one refis close to the exchange)?

Will definitely utilize the steps.