Christian Norman
Our First Fixer Upper
3 December 2018 | 0 replies
We worked with a brokerage called Encore Realty in Allen Park, MI.
Diana Adams
New Member: Tampa, FL
15 December 2018 | 9 replies
I owned three properties in Michigan, Georgia and Florida most recently selling the 10 year rental property in Atlanta, for a nice profit, to fund a recently completed addition to our home in Tampa.
Brett Jacobson
FHA Owner Occupancy Rules - Having a kid
11 December 2018 | 6 replies
@Brett Jacobson I would also look into Freddie Mac's Home Possible with as little as 5% down and usually cheaper MI
Jason Yamnitz
Sell my townhome for "brrrr" cash OR make it my first rental???
17 December 2018 | 28 replies
I migrated from Michigan.
Jordan Knoll
Looking for a 4 unit in Grand Rapids, MI
15 December 2018 | 8 replies
I have an investor looking for a 4-unit in Grand Rapids, MI.
Brendan Avila
Muskegon MI Wholesale Friendly Title Companies
11 December 2018 | 0 replies
Does anyone know of any wholesale-friendly title companies in the Muskegon MI area?
Alex Corrion
Taking over a delinquent lease
12 December 2018 | 2 replies
Hi Everyone, I recently got an executed purchase agreement on a 5 unit building (renovating two basement units that are currently not in use to make it 7) in my area (Lansing, MI).
John Kushner
Question on potential land contract in Mason, MI.
21 January 2019 | 5 replies
Hello all, I’m currently analyzing a deal in Mason MI just south of lansing.
Matt Hurley
Should I use a commercial loan for my first property?
14 December 2018 | 5 replies
Both have high credit scoresProperty Goals: Positively contribute to the growth and recovery of SE MichiganThe Property: Type: Quadplex with Attached Commercial unitLocation: SE Michigan, 20 min commute from either Detroit or Ann ArborAsking Price: $269,000Repairs: $20K max (tear down of a barn that needs to happen within the next 5 years and maybe a kitchen rebuild)Approach: House Hack for 1-2 yrsProperty Income: $517/mo. after expenses while house hacking, $1,017/mo. after I leaveCash on Cash ROI: 15.9%Numbers I used to calculate this: ARV $269k (to be super conservative), $3k closing cost, $20k repair, 20% down with a 4.8%APR amortized over 30yr., Taxes $7779/yr.