All Forum Posts by: Zachary Ware

Hey Thomas,

It sounds like you and your partner are running into issues that could be solved with a DSCR loan as long you are buying properties with 1-10 units. These types of loans do not take into account your DTI and also allow you to borrow through an LLC. This would make sure you can borrow as one. These will typically require 20% down but you can bring on multiple partners with no issue if needed.

If a house hack is the way you want to go, look at an FHA loan. This will allow you to use high leverage while buying your first house. You should check the House Hacking forum to learn about this strategy.

Sounds like a great opportunity! Goodluck

Hey @Andrew Freed,

I will be a day early and look forward to meeting you in person. 

Welcome to BP! How are you currently sourcing deals?

Lenders will want to know where large funds come from and may require them to be seasoned as well. As others have, I would discourage you from using student loans to buy a property but if you do, talk with a lender and make sure that it is even possible that that would accept this.

One of the most creative sources I have seen is selling tax credits to fund a deal. The individual invested into Company A then received tax credits for their investment. They are making a profit on the investment into Company A, and from the property purchased with sales from tax credits.

Hello,

Are there any multifamily-focused RE meetups or groups here in Austin? If so, please share your experience. 

Might be more than you need but I have had good experience with HubSpot.

I agree with others in this post that it sounds like your PM can, but does not want to.