You will live there for a year, hopefully get some equity so that when you refinance into a conventional, you can cash out, but in this market that is pretty unlikely.

HI Guenevere, You can acquire your a primary residence from up to 1-4 units for as low as 5% with conventional or 3.5% FHA with a few exceptions.

The Texas method is you buy where you buy and you don't care because the CASH FLOW IS THERE.  

In contrast, single-family homes attract families with children, who stay an average of five years and take care of the property.

This may border on mortgage fraud though if she gets a conventional loan knowing she intends to just hand you the title.What about a private lender that won’t make you sign personally?

Thanks for the response.Another question - I'm currently at 6.875% rate conventional for a year now, is it reasonable to refinance now at 5.875%, conventional?

Downtown Kansas City, Missouri has experienced $9+ billion in investment since 2001, including a new convention center and hotel, a state-of-the-art sports arena, a performing arts center, a new streetcar, and an eight-block restaurant and entertainment district (read more here).

It was really insightful, especially the part about how DSCR loans offer shorter seasoning periods and more flexible qualification requirements compared to conventional financing.I’m currently focused on scaling into 6+ unit multifamily properties in New Jersey using the BRRR strategy.

@Paola Astrid, if so be the case, refi to a conventional investment loan. 

I'm excited for the opportunity to be apart of the community with BP, I reside in the state of Virginia and started my investment journey many years ago at 22 doing fix and flips, I stopped when the market crashed in 2007/2008 and didn't like the way the market looked and I left the investing world, I became a mortgage loan officer, and then processor and later underwriter and learned the backend of the conventional lending world.