Or they can be sold to investors.I think they are particularly attractive for new investors to buy as a house hack - you live in one and rent out 3, most, if not all, your expenses will be covered.Look at what it last sold for, has it appreciated?

My name is Jaimie Uland, and I’m excited to connect with like-minded real estate investors here.

Many buyers/investors are using this strategy to invest in real estate.- get into real estate with a lower rate and lesser percentage down payment.

Yet investors expect a PMC to do all this extra followup for free because they think the program is "gold".We've always accepted S8 tenants and have no plans to stop.It's a decent program if the investor understands the limitations and challenges.Otherwise, it's "fool's gold".

So do the investors or the seniors own the land. 

A property qualifies as Homestead for this exemption if an eligible owner files a Principal Residence Exemption (PRE): https://www.michigan.gov/taxes/0,4676,7-238-43535_43539-210891--,00.html#:~:text=Section%20211.7cc%20and%20211.7,purposes%20up%20to%2018%20mills.Many investors have gotten an ugly surprise when they bought a property that was a primary residence of the seller for the last 20 years.

Welcome to the BP forums and the Chicago Real Estate Investor Community @Emmanuel Rugamba!

We got it appraised for traditional financing and it came back at $3.125M so we were able to get our investor their $1.5M back.

Quite a few investors just lost a ton of wealth here, so be careful about nearness to a river, elevation, etc.

It’s 50% of the land providing 100% of the construction . welcomes first time investors Can you go into what this entails?