Owner financing and HELOC on personal residence How did you add value to the deal?

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

It would be his primary residence so most likely a duplex or triplex house hack. 

I have a couple buddies that are geological engineers.

Are you/your partner(s) foreign nationals or non-permanent resident aliens?

We're interested in a primary residence home purchase using a RE attorney and hiring a buyer's RE on an hourly basis.

Depending on comfort and cash, it might be a viable option as you can build equity and then sell without having capital gains, assuming it's your primary residence and you've lived there for 2 years.

There's a few different ways to focus on a lower rate such as with house hacking and making the investment your primary residence, requesting a significant closing credit from the sellers for standard rate buy-downs (which I've had great success with recently), or utilizing lenders who offer short term rate lowering solutions such as 2-1 rate buy downs (again, ideally paid for by the sellers).

The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.