Were I am getting disappointed is the lenders for Commercial say you need 20% down payment (I don't have that) and when I tell them if I could have Seller finance in the same deal, was told no.

It's crucial to consult with a tax professional who understands the nuances of your situation to determine the most appropriate and cost-effective method for your tax filings.

All you need is a single place to track tenant information, payment history, maintenance, and other things.

For example is a personal loan from a bank is 7.5 % that you could use as a down payment (after its seasoned), and your 401k loan is 4.5% but the 401k is expected to return 7.5% per year the money you save on one end you miss out on the other end basically and if your 401k returns are 20%, then you lose out significantly. 2.

Focus on rebuilding your credit, saving for a down payment, and learning the local market.

Hi all,I brought a single family home last year in nyc with 20% down payment.

By adopting the house-hacking method—living in one unit while renting out the others—we plan for the tenants to cover the mortgage and gain valuable property management experience.

Seeing a lot of borrowers have success across the country, especially with the BRRRR method and the AirbnBRRRR methods! 

Curious as to the draw fee amounts you all have seen that have deterred you from wanting to pursue that method. 

You are correct, local banks would go in and sit with them and go through rates and financing and understanding the payment.