At the end of the day, you need to underwrite this property based on the cashflow it is currently creating and possible "stabilized cashflow", then back into your purchase price based on the returns you want to hit.I.e. if you are wanting to make 20% CoC returns day one (your expectations are pretty unrealistic), but it may only be worth $250,000.  

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Cap rates are at 5-6% on a stabilized SFR with a long term rental strategy.Only strategy I am seeing pencil right now are with a rent by the room / co-living strategy .Flips in some areas kind of make sense where you're all in for around 80% and can make a spread.I'd suggest evaulating different strategies or markets, else you may burn yourself out - this is learned from experience :)Shoot me a pm if you'd like to chat - I'd be happy to chat and help save you some time.

Prioritize your financial stability.

Here's a recent book we published for self-managing landlords: https://store.biggerpockets.com/products/self-managing-landl...

In my experience, banks aren't generally interested in financing the acquisition/rehab of a residential investment properties, but rather they prefer to refinance your HML once the property is stabilized.

This is highly specific to the loan product and the lender.

We love visiting with people about the product and Northpointe makes it easy to originate.

I was a PMP on a deal and i gave my partner 3 months' worth of the mortgage in advance to stabilize the property.

Hi @Sudheer Kumar,Need a few more key details:Desired Loan Term: Are you looking for a short-term bridge loan or a longer-term mortgage for stability?