Why flippers finance Michigan projects with Mortava
In a market like Michigan, speed and leverage decide your margin. Mortava funds up to 95% of cost plus the full rehab, reimburses draws within 24 hours, and sends indicative term sheets in about two hours — so you can compete on Detroit, Grand Rapids, Ann Arbor deals and recycle capital into the next project faster.
Detroit and Grand Rapids post some of the highest cash-on-cash returns in the country, and the same low basis makes flip margins work. Michigan suits BRRRR investors who want to recycle capital quickly.
BRRRR in Michigan
The same leverage that funds a Michigan flip funds the "buy and rehab" half of BRRRR. Renovate in Detroit or Grand Rapids, rent it, then refinance into a 30-year DSCR loan instead of selling — our BRRRR method guide covers the handoff.