Hey all, I'm a RE investor in Grand Rapids, MI who is starting to scope out the commercial investing world.

The QL agent tells me that I cannot obtain a loan directly from them because I seem to have another property (in the state of MI) that I refinanced some time ago through a broker.

I can not get insurance on that property as I have had couple of claims on my primary home in Michigan.

MI doesn't come off of an FHA financed property at all.  20% doesn't come into play on FHA anymore. 

@Peter M. I

(1%,10%,20%,etc) I know that if I put down less then 20, most banks will want MI.

Hello All,
I wanted to ask the group if anyone knows if there are any tax incentives (similar to the 1031) if you take all of your gains on an investment property sale and put it directly into paying down/off another...

Hello!  I am a realtor, desiring to get into the investment side (flips/buy & holds).  I am in NC.  I researched listings in Detroit.  I understand they have a history of selling properties extremely cheap.  To th...

., Florida, Idaho, Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Pennsylvania, South Dakota, Texas, Utah, Washington, Wisconsin, Wyoming, South DakotaNaturally, if anyone has anything to add with regards to these states, I am all ears.

I'm in the mid Michigan area and found a nice duplex that would yield a very nice NOI.