Prices are low and they hit the bottom during the real estate crash.

Quote from @Jeffrey Farkas: Seeking to connect with brokers and investors in the Central Ohio area for 30+ unit multi family properties.Looking forward to meeting.Jeff 

Credit score- the higher the best. 760-780+ generally gets best pricing for investment property loans with most lenders.

This allows you to access funds while keeping your existing mortgages intact.Second Mortgage: Explore lenders who offer second-position loans on investment properties, though rates will be higher.Cash-Out HELOC : While traditional banks often restrict HELOCs on non-owner-occupied properties, some portfolio or private lenders may offer HELOCs for investors.With $15-20K in liquid funds, look for deals where you can negotiate terms:Seller Financing: Negotiate lower down payments or interest-only periods.Subject-To Financing: Assume the seller’s existing mortgage while covering the down payment.Lease-to-Own: Lock in the purchase price while using rental income to build equity.

My general rule of thumb is that a property needs to do 15-20% of the purchase price in gross rental income.

Most of the lenders I work with (provided you have experience and a credit score over 660) would do up to 85% of the purchase price and up to 100% of the rehab costs, provided this doesn't exceed 75% of the ARV.As for the idea of selling the land, great idea.

The frustrations you are facing now will help you grow stronger as an investor.Keep pushing forward.

Purchase price: $55,000 Cash invested: $440,000 Currently under construction and pre-leased for $6,195/month, this 7-bedroom, 5-bathroom student rental in Clemson, SC, was built using investor cash and designed for high-end student living.

Any guidance you can provide as we navigate this process would be incredibly valuable.Looking forward to connecting further!

Purchase price: $82,500Bought this 2 bedroom condo in Manchester in April 2018.