Even if you’re not necessarily looking to buy that specific house, the listing agent is often a good person to talk to since they’re already working with the type of properties you're interested in.One thing to understand about the Detroit market is that, given the low price points of many properties, agents often don’t make very much on these transactions.

@Alexander F PollockYou may lose a tax benefit of a stepped up basis for capital gains purposes transerring interest away from her parents.Also consider conducting a judgment searches on all parties to the transaction to confirm there will be no title problems for would come up when the LLC sells in the future because you will not have title insurance to cover prior owner issues.

Our team quickly worked with the seller to ensure a smooth and fast transaction, aligning with the strategy of a quick sale.

Like Christopher said in his post,  that is when you understand that investing is arisk calculated transaction.   

A mortgage broker specializing in DSCR loans can help you find the lowest pricing for your specific transaction out of hundreds of potential lenders.

The general rule of thumb is that you cannot pay (or accept) transaction-based compensation.

Qualified Plans, including Solo 401(K)s are exempt from UBIT in the case of a debt financed real estate transaction.

How long did it take for you to close your first transaction??  

If any wholesalers out there are doing double closings and need funds to purchase the transaction.

Some investors keep a foot in both worlds, using local banks for certain things (like larger loans) and online banks for everyday transactions.