I am a part of New Western's team, we are one of the biggest wholesalers in the nation and I am happy to pitch it to our hundreds of investors.

Another tipOne thing to remember when you are getting into RE investing is to have your team of people or as Brandon Turner from the Bigger Pockets Podcast calls it your CORE 41.

Hey Hemanth, You can structure this on a portfolio loan with partial releases allowed, as long as the portfolio can debt service at 1.00 with the total income and expenses from all properties remaining. 

Happy to send a screen shot of the portfolio to anyone who wants to see, it just won’t allow me to attach pics to a reply.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $250-$350/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B- These numbers are based on the “sweet spot” in Metro Detroit.

The Covid eviction moratorium was the most harsh in the nation as it did not allow evictions even for non payment and/or lease violations.  

Instead, they continue to string out the eviction process as long as possible to allow deadbeat tenants to live rent free as long as possible on the backs of struggling landlords.

I am currently building a dynamic team of multifamily brokers, mentors, and fellow investors passionate about the world of investing and financial growth.I aim to create a collaborative environment where we can share insights and strategies and support each other in our financial endeavors.

I am surpised it was not in your original docs, but they can't change terms mid-stream unless you break covenants that would allow them to call the loan...then they can renogotiate or require the payout.

If you are looking for great areas to cashflow and very reasonable ARV's that allow for value add investment strategies, I can't reccomend whitehall enough.

I have a couple ladies on my team that pick our colors, cabinets, countertops and so on.