Can you afford to move to 75% LTV instead? 

The question is can you afford to pay that extra amount? 

This first-of-its-kind project addresses California’s housing shortage by repurposing an underutilized site into a vibrant residential and retail space.Of the 800 units, 180 will be affordable housing, with amenities including a rooftop pool and fitness center.

And if that happens, they will be able to afford their new share of the rent. $950 income for the entire month seems quite low and probably justifies your concern.

Here’s why you should consider investing in this growing market:Affordable LandFlorence offers affordable land compared to larger markets, allowing investors to secure property at lower prices with strong potential for appreciation as the area develops.High Demand for New HomesThe city’s growing population is driving demand for new construction.

Build a cash-flow-focused portfolio by targeting affordable markets or neighborhoods with favorable rent-to-price ratios.

I had to use the ole Rich Dad Poor Dad mindset, "its not I can't afford it but HOW can I afford it."

I like the affordable price point and smaller units personally. if any of that strikes a chord would love to chat.

Maggie, keep in mind that pricing is based on demand so “expensive” property will usually outperform “affordable” property that is affordable because it’s often a crappy house in a crappy neighborhood that will attract crappy tenants.

Areas like Georgian Acres to Gracywood are in demand, offering a mix of affordability and growth potential.