We provide housing for Homeless and Addicted people in underserved communities, and in an attempt to revitalize our Downtown area, and expand our Program (part of it is home ownership and entrepreneurship) we need to be able to buy adjudicated properties, or have them donated, then have the finances to redevelop and repair them.

A DSCR loan, which stands for Debt Service Coverage Ratio loan, is a long-term loan that uses rental income to qualify instead of DTI (Debt-to-Income ratio).

Since my grandpa's wife is passed already, he has full control of the property, but if he were to sell the house, he would have to pay his wife's family a percentage of the sale, but he doesn't want to do, he would rather take out some type of loan (what loan is best in this situation?)

We provide housing for Homeless and Addicted people in underserved communities, and in an attempt to revitalize our Downtown area, and expand our Program (part of it is home ownership and entrepreneurship) we need to be able to buy adjudicated properties, or have them donated, then have the finances to redevelop and repair them. 

In this approach does it really matter if the Operating and Holding LLCs are completely separate given the protections a Series LLC provides?

I am unable to afford the membership for the software and I am looking for someone who can provide me with access to continue my searches.

If you are buying this property as a secondary home, a secondary home loan tends to be accompanied by a similar interest rate to that of a primary residence and could result in as little as 10% down.

Please let me know if I can provide more specifics or numbers.I have an opportunity to purchase a fixer upper in a relatively great location.

I make about 60k yearly and I’ve spoken with chase and they told me I could get a 250k loan with 5% down at 7% interest.

Hey Michael, looks like you've got a few uninformed responses here so I'll provide you one from someone that actually invests in Detroit.I live in California now and have 12-doors in Detroit.