I would research rental rates to make sure you are at the proper rent when you rent out the house.

I'm anticipating 6k in repairs.My first thought was to do a traditional cash out refi, but I want to avoid the seasoning period and the headache of finding a bank willing to do a cash out refi on an investment property, particularly at such a low value.I'm considering an intrafamily loan of 65k thats properly attached to the deed.

We know several wholesalers in Michigan that have the real estate brokers license, so they are not violating the law.Regarding selling contracts, believe Michigan has closed that loophole.Of course, also know many wholesalers that are not properly licensed, that haven't been caught yet.

@Alexandra Moore is the building in grand rapids proper or a surrounding city?

They serve some other very real and useful functions as well, and a lot more goes into these than any other typical marketing flier, but marketing is the core function of a preapproval letter.For cash buyers, a bank statement showing the full sales price, in United States dollars, liquid, is of course the best marketing material there is, for that buyer.Onto the question about getting preapproval for a refinance.

If the owner was not served properly with legal notice of the sale, that right of redemption period can extend even further.

Nothing worse than a wholesaler who gets it under contract and then goes back to the seller to negotiate because they didn't know how to properly comp a property. 

Purchase price: $463,049 Cash invested: $172,424 The sprawling, 1,881 square foot open layout and tall ceilings of this ranch style home allow for proper entertaining.

Using cash out to buy another property is a power move if executed properly.

This touchy-feely nonsense about connecting and feelings is nothing more than teachers exceeding their proper bounds and usurping the parental role.