To be a reliable and successful Private Money Lender, focus on building strong relationships with borrowers and real estate professionals, thoroughly assess each investment opportunity by conducting due diligence on the property and the borrower's financial background, and establish clear lending criteria to mitigate risk.

My name is Andres Padilla, and I specialize in buying real estate properties for short-term leasing, long-term leasing, and property flipping.

I just have 5 units and am doing other work to help pay the bills in addition to doing all the property management myself (upkeep, repairs, cleaning in between tenants, mowing, finding & interviewing tenants etc).   

InflationRising Costs: Inflation drives up the cost of materials, labor, and property maintenance, potentially shrinking profit margins.

They have utilized a number of financing approaches including: Minnesota Housing Finance Agency Tax Credits, Conventional, Grants through Duluth Economic Development Authority (DEDA), Duluth Housing & Redevelopment Authority (HRA) Assistance.Sharon Brown with Duluth's Life Safety office is a great resource as well when dealing with blighted properties.

You just have to know how to analyze properties at a mass level. 

I primarily deal with single-family homes for investors looking to short-term or long-term rent, while my husband has a property flipping business.

It all adds up.Good luck with your first rental property in Michigan!

I also had some property I had to find different carriers for as well as having them remove the roof from coverage and other lame games.

Is it possible to rent the property to my LLC for the cost of the mortgage and then have the LLC rent the property to a resident with the lease holding me harmless?