NETWORK!!!

Neighborhood revitalization projects, major corporate investments, and an influx of small businesses were all happening at a pace that made it clear the city is on an upward trajectory.From an investor’s perspective, Detroit offers a unique combination of affordability and opportunity.

We were recently networking and someone told us about buying homes from auctions.

No major thought process here very simple.. 

This is going to be an issue with the majority of commercial lenders, not specific to Kiavi.

Second year distributions rise to 5.27%, third year 7.27%, according to the projections.Those projections may be at risk, for many reasons: the recent huge increase in interest rates -- increasing the cost of loans and decreasing valuations, insurance costs have skyrocketed, real estate taxes are up, labor and material costs for repairs & renovations have increased, etc.On the plus side, the majority of the ODC funds were designed to be high value add projects with plans to increase operating efficiencies, add tenants and raise rents.  

Real Estate Investing is for the vast majority of time not classical "investing", it's a business.

Agents are also advising you to look for expensive mistakes (like checking the sewer which could cost 5-40k) and using their network and contacts to find homes off market or FSBO.  

Im currently networking to partner up with a home builder here in Staten Island and build Semis on empty land.

Hey @Amit Garg happy to help out with this as I'm pretty familiar with the various programs in Canada, as I've built quite a network over the past 10 years with investors across Canada and hear a lot of things.I think it would be best to jump on a call and talk about it.Without knowing more about you and your goals, it's hard to give a recommendation.