@Brooke Roundy as much as we'd like to assist another investor to succeed in our Detroit market, you're probably better off staying in the Cleveland market until you expand enough or decide to leave the Cleveland market.Also, be careful of posters here offering to assist you - many of them aren't transparent that their real motives are to sell you something!

Many times I see wholesalers trying to sell deals at 80 cents on the dollar, and right now, this doesn't usually work. 

However, the question we have is, if she assumes the mortgage and her mom unexpectedly goes into care, can the government force us to sell if it occurs in the five-year window?

I’ve been handed the reins of a struggling rental business that had been in the process of selling off properties and dissolving.

A LOT of distrress is leading to mergers and firings, in just the last few weeks, this happened: (Big credit to @NewsLambert)Lower to acquire Universal Lending retail and wholesale operations (11/1/23)Trustar Mortgage acquired by Archer Mortgage, LLC (11/1/23)People’s Bank of Commerce to exit residential mortgage lending (10/27/23)BMO Bank cutting 228 jobs in Northern California (10/25/23)Homestar Financial to wind down operations (10/25/23)City National Bank layoffs in Los Angeles total 71 (10/23/23)Hometown Lenders layoffs (10/12/23)First Savings Bank to lay off 135 mortgage workers (10/4/23)Wesley Mortgage absorbs competitor Colten Mortgage (10/4/23)Cenlar to lay off 85 in Ewing, NJ (10/2/23)Rithm Capital to acquire Computershare Mortgage Services Inc. (10/2/23)Wells Fargo cut 525 jobs in South Carolina (9/28/23)Better Mortgage lays off additional employees (9/22/23)The Graystone Company has acquired Direct Mortgage (9/13/23)Flyhomes to purchase certain assets of Home Sale Assured (9/13/23)Divvy Homes to cut 95 jobs in San Francisco (9/11/23)Farmers-Merchants Bank to sell three branches to focus on core mortgage business (9/11/23)It goes on…..The mortgage industry is in a starkly deep recession.And RIP refinances, unless you are holding an even higher interest rate loan (like a construction/bridge loan or hard money, or perhaps you just fixed your credit.

I wanted to see was it possible to sell the property to an investor with the current tenant, so I can make an assignment fee, and get some cash flow, or Equity Financing.

The biggest challenge was deciding to sell one property to generate more and better opportunities.

I was thinking about traveling down there to actually see the property in person this spring to sell it.

The owners tried to sell this 1.5 acre property, with 5 small rentals plus one main house back six months ago.

Even the multi-family units are selling quickly, regardless of condition.