We currently have 8 assets under contract in Flint.
We have completed most of the due diligence on these assets and should be funding next week at the latest. The way we underwrite our deals, if the borrowers starts paying, we'll make money. If they don't resume payments, we'll make money. If the house burns down, we'll still make money. If Thor comes down from the clouds and smites the house into oblivion with his hammer, then maybe we won't make money under the Terrorism and Acts of War Clause on the insurance policy. What are the odds though, eh?
Here is the breakdown of what we are buying.
8 in Flint
1 in Cincinnati
1 in Saint Louis
Email us if you want to know more about it.