Many states have discounted property taxes and lower yearly increases for owner occupied properties.

Iown a 2bed/1 bath property in the Fort Worth Tx area.

@Tannia CastroWelcome to the exciting world of rental property investing, Tannia!

With comps ranging from $875K-$1M and your estimated build cost at $550K, the after-completion value gives you a significant equity cushion, making this project highly attractive to lenders.If you plan to hold and rent the property, you could refinance into a DSCR loan after construction, which bases lending on rental income rather than personal income.

I have a client that lives in Hawaii but owns a property in DC area.

@Angel PerezSounds like you are dealing with a C5 property. 

I will be lowering the asking price and seeing if that will help in the sale of these properties.

Quote from @Anirudh Reddy: I sold a property on seller finance in August 2024.

You should be able to take out a small loan using the property as collateral.

Just a quick introduction.  My brother and I have decided to join this community in hopes of getting a good start in the world of Flipping.  I am located in Arizona and have been in manufacturing for 20+ years while m...