Most require skin in the game on deals and work like this:Rates: 10% to 14% (Most Deals are 12%)Terms: 1 Day - 24 Months (Most Deals are 6 months)Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 Max Loan: 65-70% of After Repair Value(ARV) 100% Rehab Financing Available (Most Deals require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

I personally enjoy a misting fan on my patio.Here are some data points below: prices are steady and rates as well; not too much change in the market this far.

With low prices, high demand for rental properties, strong potential for appreciation, tax incentives, and renovation opportunities, investors should consider Detroit to diversify their real estate portfolio.

Credit history and sourcing funds for down payment / closing will be a factor in the pricing of the loan. 

A lot of the decision around your best path forward hinges on how you plan to use your cash.

We are looking multi-family and duplexes so the prices are definitely higher. 

We actually switched from Yardi to Appfolio due to price and overall a much easier system that all our employees can use (again, no expensive per user charges).  

Purchase price: $640,000 Cash invested: $1,200,000 Turned a shuttered and rundown 13-unit waterfront motel into a brand new vacation destination with added lakefront "tiny homes".

So sure, you could probably get lucky with one or two deals but to build consistency the average contract price would be around $4,500 marketing spent.  

If you structure this at a good price, it could be a sweet deal.