[Redfin]TP: Personal opinion: rent controls and/or big first-time buyer grants are not the answer.

I’m looking forward to starting this journey and securing financial freedom for my family for years to come! 

Quote from @Grant Woodward: Quote from @Patricia Andriolo-Bull: I am angry.

Personal loan secured by the property: Same deal, no verbiage that I see making it appear that this is personally guaranteed3.

@Ricardo Polanco I would not grant buyer early possession without a large nonrefundable deposit.

My plan is to read about 10 books on the subject and engage with others in the real estate community over the next six months, all while working on building a strong credit score to secure my first loan.In the meantime, I’d love to hear your advice!

The PM is still responsible for giving you any monies owed from rent and/or security deposits.

Granted 15 is a number pulled out of the hat so to speak. 

But granted that is a select few people and maybe not representative of the whole market. 

DSCR Loans only available when property is fully finished and turnkey, however you might want to look into a lender that offers ground-up construction loans and DSCR.Also - be careful around the modular home / quick property types since these mortgage loans typically have to be secured by foundational real estate, so anything that can be moved or not fully foundational is probably a no-go (can't foreclose/protect the investment as a lender)