Government Grants For Investing

Comments(6)

• 
  autonut2nd November, 2006

  mathew lesko says you can get millions!!! LOL

• 
  BBagnall3rd November, 2006

  matthew lesko is my HERO! I believe anything he tells me...

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  mvolmar200118th November, 2006

  How can i get more information on goverment grants for investors?
  
  
  Quote:
  On 2006-10-23 09:50, APrealty wrote:
  Has anyone ever gotten or know about obtaining a government grant to fund their purchases or rehabs? I keep seeing the infomercials about all the government money available for investing in real estate. Can the money really be out there, or is it mainly for low income and minorities?

• 
  streamline784th December, 2006

  Thanks Chris. I was hoping that you in particular were going to respond. Your words were definitely encouraging.
  
  I was leaning towards buying and flipping properties, but in this situation it seems that rehabbing and renting might be more beneficial until the property appreciates, huh?
  
  I would still like to here how other Michigan investors are doing out there. Any advice is much appreciated.
  
  Thanks.
  Tim

• 
  ericmedem24th December, 2006

  I have been investing in the Grand Rapids area, the market is absoluteley terrible here. I have been purchasing properties between 50-70% FMV. I am a full time realtor but I have bought around 15 properties this year and should make 110-140k wholesaling and flipping properties even in our slooow market so I know it can be done. I will only stop investing when there is not a single person in my market making money in real estate, it is then, and only then that I will say the market is too slow
  [addsig]

• 
  streamline7830th December, 2006

  Quote:
  On 2006-12-24 12:46, ericmedem wrote:
  I have been investing in the Grand Rapids area, the market is absoluteley terrible here. I have been purchasing properties between 50-70% FMV. I am a full time realtor but I have bought around 15 properties this year and should make 110-140k wholesaling and flipping properties even in our slooow market so I know it can be done. I will only stop investing when there is not a single person in my market making money in real estate, it is then, and only then that I will say the market is too slow
  
  
  
  Thanks for the words of encouragement, Eric.
  
  Just a general question though. When dealing with rehabs, is FMV the same as ARV? Or is FMV referring to the "as is" value of the house?
  
  Thanks again.
  Tim