Made sure to check the ledger and T12 to ensure that the tenant was qualified correctly before purchasing the property.

- How long before you think you would be able to get your own loan and purchase the property in your names?

There are options to work with the title company after purchase (60 days) to buy it with conventional financing and then shift the property into an LLC with a quitclaim deed to get the same effect as purchasing with your LLC but you get the advantage of better rates with the conventional loan.

We have applied for a loan to purchase the new property with us putting the down payment down cash.

I am planning on purchasing a $350k property with DSCR loan.

Purchase price: $350,000 Cash invested: $11,500 With the proceeds of the sale of our first fixer upper we purchased this duplex which we moved into one unit and same month purchased another duplex in another town to BRRRR.

I’m considering purchasing this 4 plex. 2105 Colorado Ave.

My wife and I are looking to purchase an investment property out of state.

A quick formula you can use is your estimated purchase price times .0134. 

Purchase price: $255,000 Cash invested: $100,000 Single family residential home in A Class neighborhood.