Recently I have been looking on the west side at Grand Rapids and Kalamazoo.

Raising the rent in increments doesn't normally work, particularly when they are so far behind market value.Current renters are $800 below market which means you are losing $9,600 a year.

On top of this, you could rapidly start to build capital by simply self managing, drastically cutting expenses and using all the positive cashflow for A) adding further value to property B) investing in another property.After 6 months and a 1 day, refinance your VA loan to a conventional if you have enough equity(30% needed most likely) or wait for 1-2 years to build equity through added value/appreciation/loan-paydown and repeat with a new property.

My number one best all time creative financing of a property that I ever did was for a purchase of a empty lot two blocks from the ocean in Long Branch, I was reading the local auction list in my city when I noticed a property that at auction two weeks before that opened at a starting bid of $25,000 did not receive one bid, I went to the auction thinking I was going to pick it up for $10,000, I get to the auction at City hall and when the bidding started for this particular property I waited to see who was bidding, a man started it and I waited until nobody bid to start my bidding, well this man really wanted this property and so did I, when we were at $50,000 I started to try and knock him out by bidding in $1,000 increments instead of $100 increments, every time I bid he bid a $100.00 more, this went on until my winning bid of $66,700 and it was now mine, now if you don't know much about city auctions you do not walk around with that kind of money, a 10% deposit is what this auction required and they give (I forget the exact amount of time maybe 30 to 45 days to pay in full) now comes the creative financing part, I take my high credit card limit at the time of $72,000 (I saved all the 0 % introductory rate checks if paid to another credit card balance transfer and pay off another credit card that had a small balance of $1,000 and overpay the bill by $68,000, the overpaid credit card company sends me a over-payment refund check for $68,000 (that is 0% for six months being that it was a balance transfer offer of 0% for six months) I pay in full for the property within the time allowed by the city, (this was in 2003) I refinance another property that I increased it's value with the creative equity work I put in and got a favorable appraisal that allowed me to park the debt into a 30 year mortgage, the empty lot sold in June of 2006 for asking price of $229,000 with a profit of almost $150,000 after commissions, property taxes and maintenance/lawn cutting.

Nestled right between Winston-Salem and Raleigh/Durham, three rapidly growing cities with a lot of money being poured into them.

Elizabeth Colegrove , how do you manage to buy properties so rapidly?

I also have my eye on ward 8 DC and the rapid rebuilds going on there.

The Tri-Cities also decided in 2011 there future rapid transit technology will be LRT(light rail transit) and will be implemented in 2 phases, phase 1 an LRT route running from Conestoga Mall in Waterloo to Fairview Park Mall in Kitchener.

Hi Everyone, I am looking for recommendations from people who have had great success with a GC in the Kent County Area. I will be investing in multifamily apartments, so it would be great to speak with someone who has...

You need to send (on line) your proof of payment in full to each bureau along with a request to correct the information and tell them you will pay for the "rapid re-score" process.