All Forum Posts by: Kyle Miller

@Stephanie Drouillard. I have not used them yet but I have talked to Visio lending. They do not use dtir. They do check credit. I have used cash for my last couple. Here is a link, www.visiolending.com.

P.s. I live in Roscommon, if you are unable to obtain a deal i may be interested, and I can pass one on if I can't as well!

Deal #1
I have been searching around and finally found a house for sale that I was able to get under contract for $30k, It will need about $25k in work on the conservative side. The ARV based on sold comps in the area on the low side is $90. The couple that owned it gave up after tearing it apart, I negotiated leaving in the supplies they already bought such as light fixtures, interior doors, trim, & other various material. As of now I am short on funds, I have been conservative with my money my whole life, paying cash for almost everything and being self employed for 6 years has made it very hard for me to get a conventional loan. I have done a couple deals now my first one in grand rapids as that was my home town paying cash. Now i am venturing into hard money which has proven to be a challenge as well. So at my current status on this particular deal is in the hands of a hard money lender...

The house needs a complete bathroom and kitchen remodel (already gutted)
Flooring through out
Paint through out
Trim through out
some soffit and exterior trim replaced
front and rear porch/deck
windows through out
Exterior doors.
A good power washing (may be difficult with our cold temps).

Deal number 2
On a side note I am trying to work with foreclosures, and distressed houses. I found one that has note been touched in close to a year, is behind on taxes and a daughter inherited the house after mom and dad passed away. This house had a loan for 115k in 06 and then a 25k loan in 2013, so equity maybe available in this house if they want to unload. Which will hopefully fit the number for a hard money lender or get creative with the owner to sell it.

@Jorie Aulston yeah, it was a crazy, i just happen to look on the MLS the day it posted. I havnt seen anything less the 60k in the gr area. I plan to starting up north and keep an eye out in the greater gr area. How is the market in your area? i have visited florida a couple time. I wouldnt mind living in the warmth.

Thanks @Courtney M. 

I wish I could find more deals like that, This was in the 2014-15.  
Biggest problem was the city was a PITA especially when they charged me close to 1000 for permits and told me I only had 6 months and the state says I have a year. They finally gave up and let me continue the permits for the year after I printed off the information for them and threatened to go above their heads!

@Daric Myers this is in Michigan, we have a city named Wyoming.

Hello, my names kyle miller, I currently live in Roscommon MI. I moved here 3 years ago from grand rapids mi. 
I have purchased my first house in early 2014 off the MLS, since then I have purchased a house that me, my wife and two kids currently live in. Me and my dad also bought a commercial property that consist's of a restaurant a house and a barn, We purchased these at the mi tax sale auction. I have recently decided I will be going back into real estate, I have been listening to bigger pocket podcasts, the ideas and different mindsets on life and real estate have been a phenomenal motivator.

My current goal/game plan is to start with fix and flips to build cash reserves and eventually acquire buy and holds especially multi family.
I just made my first offer on and will be putting a second one in shortly off the MLS.
I have been watching the local sheriff tax sales that I plan to start investigating them and attempting to work with these people to flip the property and get them some cash as well during the 6 month redemption period.
I plan on buying in future tax sales if I have the cash funds this year.

At the end of the day I am looking to be financially free to spend the little time I have with my family!
P.s I am always open to meeting up for lunch or coffee ect!

Investment Info:

Single-family residence fix & flip investment in Wyoming.

Purchase price: $13,100
Cash invested: $30,000
Sale price: $79,900

This was my first fix and flip, The house was in complete disrepair, it was gutted to the studs, spray foamed, new electrical & plumbing. replaced the water heater and furnace with new high efficient models, new drywall & siding, porches, basically the whole house besides the roof and studs. The hardest part was not having the funds and paying cash for everything. It took about year to get the project done.

What made you interested in investing in this type of deal?

My dad is a general contractor and previously had done fix and flip deals until the crash of the market.

How did you find this deal and how did you negotiate it?

I seen the house on the MLS list for $13000, I immediately put an offer of 13,100 on the house.
The scariest part of the house was I did not have all the cash available, I hustled my A** off to have the cash in the 30 days after my offer was accepted.

How did you finance this deal?

I paid cash for everything, it was a huge struggle as I did not qualify for financing.
I was self employed with another business.