ARCHIVED BLOG POSTS

2014 

Right about this time every year we send a letter to all of our borrowers suggesting that they get their property taxes appealed, especially if you are in the City of Detroit. Most cities have a property tax appeal process, which is only available for a limited time in February. This can result i...
11/13/2014
I was thinking about a webinar I attended a while ago that was held by a hard money lender from the West Coast. Everything that he said was typical of most hard money programs and the underwriting guidelines they use that would be presented to potential mortgage investors UNTIL he started talking...
11/11/2014
Most lenders and investors will not touch a home that has fire damage. Of course the extent of the damage could limit even an experienced rehabber from taking on this type of project.  The fear is not knowing the extent of the damage until you get deep into the work and then you're already commit...
11/07/2014
  by metromi If you’re an investor interested in networking with other investors you may want to look at your local REIA (Real Estate Investor Association) groups. Locally we have about a half-dozen groups that meet monthly, typically weeknights, and some even serve dinner.  Most groups charge fo...
11/06/2014
We all know the realtors mantra, location, location, location. A rehabber’s mantra should be granite, granite, granite.  A while back I wrote about not skimping on materials, one of them being granite countertops. My videos on You Tube show the house that I've been involved in the funding of the ...
11/04/2014
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