All Forum Posts by: Jim Blackburn

Trey Gartner definitely buy 4 unit with 3.5% down . Control 4 units with very little cash.

Chris Chesser 6-12 months your monthly expenses

Mindi B. Bank Statement / Cash Flow Loan 24 months personal bank statements. Add up deposits and that's your income. 36 months business checking statements. Plus last years P&L for expenses to establish cash flow.

Ryan Moore forgot to add. If the property was recently purchased and there have not been enough fair market days last year on the tax return to get a proper average income, then we can go off the current lease, and proof of rent receipt like check copies or bank statements.

Arturo Radilla when is the inspection scheduled?

Tarcizio Goncalves If you could find a good buy, then temporarily come out with 25% down, improve the value, then get your cash back with a 75% cash out of future appraised value 6 months later. You'd have to tie up the funds for 6 months and you'd be rolling the dice in the future value.

Udaya P. Typically Fannie and Freddie will allow up to 10 financed properties. Then we look to portfolio lenders for more creative solutions. Ask anything

Rick Munoz Your best bet is to buy a 4 unit with just 3.5% down. Control 4 units with very little cash.

Paul Sabatino assuming your primary is sold, and you are buying new primary, you could buy a 4 unit for just 3.5 % down. Control 4 units with very little cash out of pocket.

Arkady S. correction .. 75% of appraised value. ( typing to too fast in my iPhone)