I bought it sight unseen as I viewed it as a small development project, did my due diligence up front and didn’t really care about the state of the house.There were 5 offers on the property to which I ended up knowing a few of the other bidders.

Jordan I am an agent in a brokerage that specializes in investment properties primarily new build duplexes in Indianapolis.

To start, get pre-approved for a loan, search for multi-family homes, plan commute, consider property taxes, leverage healthcare income, and build a local network.Good luck!

Anyone know of a home owner's insurance company covering Lansing Michigan area for a 4 unit with additional accessory unit for a rental built in 1917 ?

@Kala SamuelTo start investing in real estate, define your goals and strategy, choose a market with job growth, population growth, and rental demand, finance your first deal with FHA Loan, conventional Loan, or Hard Money Loans, find the right property, build a support team, make offers, inspect the property thoroughly, and manage wisely.

I'm excited to introduce Nuovo Management Corporation (aka Nuovo Corp), where we bring creativity and integrity to property renovations, flips, and preservation services.

I’ve spent months doing online learning, lots of property analysis, and meeting people.

I recognize that the CoC return is not as high as we'd like, but it does come with some built in equity (~$100,000)Details:- 3/2 Single family house (1487 sq ft) with a 1/1 ADU out back- Zipcode 78745- Purchase price: $469,900- Down payment: $50,000 plus CC (includes assignment fee)- Seller Finance $419,900 at 3.5% interest; 30 year amortization with a 15 year balloon- PITI $2744.02- Rental comps: $2667 for the 3/2; $1505 for the 1/1 - LTR according to BP (Total $4172)- Repairs needed - minimal, coat of paint and maybe swapping a window unit A/C for a mini split seems like a deal if the property is worth over $550k like you say it is.

Since you'll be buying at least a Class B property, try to put at least 10% down and hope in 2-4 years it'll have increased enough in value to get rid of the PMI.

For properties valued between $30M and $40M, the commission rate tends to be on the lower end of this range, often around 1% to 2%.Some brokers may also opt for a flat fee structure, which can be advantageous for high-value transactions.Comparison with Provided Rates:For a property under $34M, the commission is 1%, which aligns with the lower end of typical commercial real estate commissions for high-value properties.For properties between $34M and $35M, the commission is a flat $400,000.