I then look at area vacancies, economic conditions, employment opportunities, area demographics and verify that the property has not been red tagged or have any other underlying problems that might make it difficult to resell or rent.When I have my financial information then I can consider debt service and costs related to equity partners in the overall income produced.

Just make sure to account for any additional operating expenses when projecting your cash flow.

I currently own two duplexes here in Columbus, Ohio, and I’m actively looking to expand my portfolio with additional multifamily properties. 

In addition, there are Facebook groups for travel nurses where you can post your housing.

I passed this additional charge onto our borrowers without any objections, making the total doc fee $1000.There are other companies that provide automated loan docs.

If you invest into an area that has strong growth and good employment numbers it can overcome many other Cons.  

And is mileage looking for additional rentals and flips in markets you currently own properties in, deductible, if you operate out of your home office? 

Understand the basics of private lendingResearch real estate marketsDetermine your investment strategy and criteria for loans, including:- Amounts- Interest rates- Repayment termsCreate legal documents with a lawyerNetwork with real estate professionalsPerform due diligence on potential borrowers and their projectsBegin with smaller loans to gain experienceMonitor your investments closelyConsider joining a private lending group for additional resourcesStay informed about real estate trends, lending practices, and legal regulations

This policy will provide additional coverage above what your existing policy covers.

And now another 1k of principal paydown per year on the 100k additional money in the new loan.