@Carolyn Guertin investing in Detroit should be done on a block-by-block basis.That's actually difficult to do, so we ranked 104 of Detroit's Neighborhoods on our site as Class A, B, C or D to help investors make better decisions and NOT get ripped off.NEVER try to invest in Detroit using zip codes!

Be careful about talking about your business or anything that looks like you are trying to make deals in the forums.

Your realtor should be guiding you through this process and clearly they are not informing (or they are not aware) of what the risks are with trying to have an airbnb in a non-conforming/illegal unit.

Check that the information is accurate, then try again.There are many websites where individuals can purchase fake credit reports, pay stubs, letters of hire, etc. 

Would you try to do everything yourself or hire it out?

Personally, I stay away from the mainstream trends where everyone who is priced out of traditional long term rentals are now trying to rent out a room or a whole house on the daily. 

Hello all,I am trying to determine what I can contribute to a potential joint venture involving myself, another investor, and a builder.

Helocs must also be calculated in underwriting based on fully exhausted payment meaning even if you only use a portion during the next purchase they underwriter will hit you with the full payment for risk.Cash out on the other hand is a liquid reserve tax free and it only requires (1) mortgage/lien.

I imagine a situation where you rent an expensive piece of machinery, and then their employee damages it, and now your left trying to collect from their insurance while being on the hook with the rental company.  

When we were initially introduced I was going through a hardship and trying to identify solutions Jeff, workshopped a ton of strategies I could use WITHOUT using a lender, so that I could be in a better position to make a more sound decision in the future.