You get to know as much about us and your investment as you feel comfortable. We talk in person and / or by phone at the time and location of your convenience. If at that time it sounds like something that would interest you, let us know how much you would like to invest, for what period of time, and we can quote you rate and terms.

Our company gets a contract to buy a property (single-family house) that meets a specific investment criteria. These are bank or government foreclosures that we buy direct from the source. Getting deals like this consistently requires experience, credibility, market knowledge, cash, patience, and a day-in day-out watchful eye and focus.

We provide you with detail on the subject property that will collateralize your Note. You will get pictures and description of the house in its current condition, inside and out. You will receive a detailed estimate of the re-modeling costs. We will also determine what rent we will charge, other carrying costs such as property taxes, insurance, and maintenance.

You will fund your investment. You will fund an escrow account at a title company designated by the seller. Because our properties are purchased from large institutions such as banks, Fannie Mae, or government agencies such as HUD or Treasury, the terms of the sale are typically not negotiable.

We close the transaction. A closing is scheduled in Michigan or by other means (depending on where you live) at which time the ownership of the property, in the form of a deed, free of all liens and encumbrances, is transferred from the selling bank or government agency to Great Lakes Investment Holdings.

We re-model and prepare the house for market. Your job is done, but ours really gets underway now. We get all utilities hooked up. We clean out and strip the house of unwanted debris to prepare for the re-model. We change locks to provide easy access, and begin to schedule the contractors.

We market the house to a long-term tenant. We use a variety of methods. More than 80% of the time we will find a family that currently lives in and has ties to the general area, meaning they are more likely to be a long-term tenant. We generally have so much demand that we maintain a tenant waiting list.

The tenant puts up a deposit, signs the lease, and moves in. Utilities are transferred into the tenant's name. A walk-through inspection is completed, and any final repairs or alterations are usually made within 30 days of the move-in, or as weather permits for exterior work.

We manage the property and your investment on an ongoing basis. We do it. Proactively. No depending on live-in amateurs or “professional” property managers who will never treat the property or tenant like we will as owners. This is our third decade of property management. It is our full-time profession.

You receive income and updates on a monthly basis. On a quarterly basis, you will receive an update, including photos, a current cash flow statement, copies of insurance and property tax documents and paid receipts, and any other relevant information about the property, neighborhood, or any improvements we've done.

Get paid off in full or reinvest more for more income.. Within 60 days of when the term of the loan is up, you and / or your beneficiaries will receive a notice from us indicating the payoff amount and date. We may offer you an attractive option at that point to re-invest the money again if you'd rather continue to receive income rather than cash out.