If you are looking for financing, I would make sure you can qualify based on long-term rent (one lease), and the property is not currently operated as a rent-by-the-room rental. 

congratulations Heidi, conduct all the right inspections, secure financing, finalize the terms of the agreement, prepare for closing... and you should be on your way.

Hard work and sacrifice will work as a magnet for people to help you because they see you going through what they went throughFor financing options I like the BP book "investing with no or low money down" but this isn't possible unless you get a really good off market deal.

Hello all,After listening to the BP podcast and some audiobooks about finance, I am looking to begin a journey into real estate investment. 

Is a Land Trust the only way to do Seller financing in Michigan?

@Sire Dainfind some local meetupsgo to the local meetupsask the investors who they recommend for an agent that knows house hackingfind that agentvisit 50 properties with that agentand make sure you have your financing lined upgood luck

Also, it was for an owner occupied duplex, so I was able to leverage better financing terms with an owner occupied loan.

How did you finance this deal?

How did you finance this deal?

This sheet is mainly for calculating COC-ROI if you were to Re-finance afterward with a bank.