Investor Lease/Option/Flip Homes
Question: Would you please tell me if an investor can lease/option homes in Michigan and if he can also flip pre-foreclosure properties. Thank you for your assistance.
Answer: Generally the answer to your question is yes and yes. However, the specifics of each transaction vary from property to property. On each property you have to deal with different lenders and different causes of the foreclosures. However, a person can deal in properties in various ways prior to and during a foreclosure. You need to be very careful and work with a real estate attorney in such transactions to protect your interests. I hope this helps. If we can assist you, just let us know.
Attorney: Mark Miller