I will say anyone offering this should be giving you all the pros and risks of the flint marketplace.

I don't see a problem with this as he has disclosed his financial interest in the property and him being a licensed agent. 

@Tayvion Payton I have managed many properties in neighborhoods like this.

If they are professional, they can explain this quickly and easily.

Based on the numbers you provided, these are well above the debt service coverage ratio of 1.25 hence from a lenders perspective, this is loanable.

I am going to put this as bluntly as possible:  Condominiums in the Smokies are not good investments.

I have 23 properties in Kenosha and earlier this year purchased two duplexes in Racine.

While I’ve been handling smaller real estate transactions for about a year and a half, I knew I needed guidance to break into this space.

You will need to justify the sale price of those assets to the new owner at their then current value on your books.It is a big hassle to do this, but it can make you a lot of money if you do it right and are careful in your record keeping.

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