Lots of long hours and stress, so we were looking to change our lifestyle to spend more time with our six children.How did you find this deal and how did you negotiate it?

No sub-leasing and no pets are pretty standard but the rule of “Guests of tenants are not permitted to sleep or reside in common areas.” becomes much more specific but also necessary for the proper order of the home.

You went out and got all the things, purchased the entire life style, and than are trying to pay for it all.

I would research rental rates to make sure you are at the proper rent when you rent out the house.

I'm anticipating 6k in repairs.My first thought was to do a traditional cash out refi, but I want to avoid the seasoning period and the headache of finding a bank willing to do a cash out refi on an investment property, particularly at such a low value.I'm considering an intrafamily loan of 65k thats properly attached to the deed.

We know several wholesalers in Michigan that have the real estate brokers license, so they are not violating the law.Regarding selling contracts, believe Michigan has closed that loophole.Of course, also know many wholesalers that are not properly licensed, that haven't been caught yet.

@Alexandra Moore is the building in grand rapids proper or a surrounding city?

If the owner was not served properly with legal notice of the sale, that right of redemption period can extend even further.

Nothing worse than a wholesaler who gets it under contract and then goes back to the seller to negotiate because they didn't know how to properly comp a property. 

Purchase price: $463,049 Cash invested: $172,424 The sprawling, 1,881 square foot open layout and tall ceilings of this ranch style home allow for proper entertaining.