Homes currently up for sale in the area are about $250,000 for a 3beds/2bath and roughly 1300 SQFT.

We are Canadians eyeing up the market in the USA and looking to start investing in properties across the border. 

However, lately I’ve been testing an AI-powered system that autopilots real estate lead gen and deal management.In just 30 days of using this AI system for follow-ups, our response rates doubled, and we closed 3 deals.

Hi Charlotte, I know I'm quite late here but what did you end up deciding?

Great agents might follow up on this, and 1 out of 100 lenders share some of the info with both agents, but that is rare.I guess as a FSBO you could try to prompt it. 

The property was occupied (still is) with 1 tenant that I am now having the exhausting pleasure of evicting. 2yrs later, said tenant continues to try every angle to delay the court granted Marshall’s execution.The “2nd” floor was poorly renovated (bad contractors), new tenant moved in and a year later, another eviction process has started as they lost their job and refuse to move or pay.Stuck with a very large mortgage bill (that I am paying), utilities and making small repairs to keep the property up also noting the casual 311 complaints from both tenants. 

We offer 100% financing on both purchase and rehab (loan size up to 75% ARV) but only in 10 states.So if the location and the numbers are right, you can be as low as 0% down.Yes, this kind of leverage does exist on the short-term purchase and rehab loan, and for reasonable terms. 

To simplify the scenario I'm envisioning let me put it this way: what does a BRRRR look like when one of the parties contributing to the down payment and rehab costs ultimately ends up being the renter as well?

I’d rather not give up my current first mortgage rate to get cash out to renovate. 

They have a monthly meet up.