Not even close.

So this makes the bar to entry much lower obviously.

Purchase price: $1,870,000 Cash invested: $300,000Offering a sliver of ocean view from upstairs, plus an ideal setting conveniently close to the area's most popular shops and restaurants, there's plenty to love in this location.

Typical PM rates in this market are 12-18%, usually more toward the lower end of that.

I currently live in/own a property that would fairly easily split into two units (upstairs and downstairs), and is located in an historic area close to hospitals, restaurants and amenities. 

I have just started some discussions with them but am also looking for feedback if anyone has actually closed a deal with Insula Capital?

Also, DSCR lenders have lowered cash out loan to value guidelines, so cash out to 80% LTV is very hard to do.Personally, I think the best way to add real estate is if you can buy a new primary home every 1-2 years. 

Absolutely,I have a lot of clients working in Detroit and it has some great opportunities centered around 1-4 unit, affordable fixers that, with a little bit of work can become great cash flowing investments with lower annual tax and insurance costs.The downside is that you definitely have to know what you are doing as the good properties need some hefty work, and the market is pretty competitive.

The Federal Housing Finance Agency (FHFA) gave conditional approval on Friday for a pilot program allowing Freddie Mac to purchase SFR closed end second mortgages. 

We have a great house we'd love to get but we cannot quite get the down and closing costs right now.