Quote from @Allison Cutlip: Hi all, My boyfriend and I are buying our first home that is a duplex, planning to live in one unit and rent the other side.

We also have many unique buyer incentives where an investor can get up to a 10% price reduction to come into immediate equity, or get that 10% as a cash back at closing to reduce your down payment and increase your ROI, or buy rates down into the low 4s on 30yr loans to maximize cash flow.

Will you continue to buy in that neighborhood with your next purchase @Teslim Salami?

I’ve also used a HELOC to buy a couple houses.

Instead of stressing over timing it perfectly, focus on making sure the deal still works even if rates shift.Since you’re buying in Norfolk, check if lenders there offer any investor-friendly incentives.

For many young Americans, buying a home has always been a major milestone—one that represents financial stability and long-term investment.

If you ask for a CMA from a local PM, you will be able to make sure the numbers make sense before you buy!

My current debt is 590 times my 2024 income.However, I recently locked a 6.385% 30 year, 75% LTV, with 2 points to buy down DSCR loan. 

Quote from @Chris Brewer: They’re actually asking more for the property that’s just the number I think I can buy it for.

But I think, with so many pro-tenant laws coming out, if I buy a property in a more "sane" city, who knows if they won't introduce woke laws later in the future.