Given the competitive market at the time, every property was receiving multiple offers, and securing a deal required both strategy and speed.

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.

I have bought 2 of those, offered on plenty.

3.5% down is offered through a FHA lender.

Our ability to offer cash and close quickly gave us an edge, allowing us to secure the property under market value and position it for a seamless resale.

Since I’ll be doing both STR & MTR on the same condo, would regular long term rental insurance be fine along side with the VRBO/air BnB insurance that they offer ?

I do agree with @Patrick Roberts in the rate and terms department, but there should be some good lenders out there offering up 80% LTV on tri/quad plexes.Good luck!

If that is the case, just let them take it to market to sell.You could offer to manage the property and have them to rent it out now where you pay them a flat rate every month and anything you make over that amount is yours to keep.

For appointment setting: we offer an AI-powered re-engagement and appointment setting platform specifically built for RE investors that integrates with your CRM and ultimately makes your lead management process much more efficient. 

On market, $6,000 over ask offer and waived inspections due to the pristine condition of the building and garage.