Also, standard home products give 30 days for the dwelling to beoccupied :) Mycolleague is a great agent and he's in Utah!

Lender Fees $1,640.00Discount Points $4,680.00Appraisal Fees $825.00Credit Report Fee $25.00Tax Service $68.00Credit Technology and Verification Fee $75.00Title Fees $836.50Owner's Title Insurance $513.00Lender's Title Insurance $2,507.00Transfer Taxes $9,626.00Recording Fees $519.50Total Closing Costs $21,315.00Prepaid Interest 2 days @ $87.53 /day $175.061 year Insurance Premium $1,500.00Property Taxes $3,632.04Insurance Escrow Reserves 2 months @ $125.00 /month $250.00Tax Escrow Reserves 2 months @ $302.67 /month $605.34Total Loan Prepaids $6,162.44Down Payment $90,000.00Total Estimated Due at Closing $117,477.44Loan ProgramPurchase Price $450,000.00Total Loan Amount $360,000.00Interest Rate 8.875%APR 8.337%Product Indigo Edge NonQM 30 Yr FixedYour Monthly housing breakdownPrincipal & Interest: $2,864.32Insurance: $125.00Taxes: $302.67TOTAL $3,291.99

I don't see it. 30 Day Stay https://store.biggerpockets.com/products/30-day-stay

I am turning 18 in less than 3 weeks and can say I have been a business owner throughout my high school journey, from small local hustles to building products in my basement to sell online.I am an aspiring Real Estate investor reading many books and conducting hours of research hoping to build an impressive real estate portfolio in the future!

You will certainly run into challenges that you did not anticipate and it is great to have a responsive and helpful lender partner.Naturally you will want to find a product with competitive pricing and leverage, though keep in mind first time investors do not always qualify for the lowest pricing.

Travis I'm a handyman in Orgeron and I would say you are looking at 25k to 30k as a guide line .Depending on the quality of products you choose, don't cheap on flooring or anything that is done in the wall.Provide refrigerator and stove only un less you go with over the stove microwave. 

New unit construction cost's are at/near all time record highs in terms of production costs (labor, material, regulations, tax's etc.).

Thanks VG.Time is money and we let go of landlords that are too demanding and won't allow us to do our job properly.For a large chunk of business like this, I guess it's ok to discount prices a bit and be flexible.Back in the day I was stubborn and not flexible at all.It served me well I guess but nowadays I'm a bit more experienced and a lot more understanding lolBut it does seem like we would have to eat too much $#%@ if we took this business on.Granted, I personally don't mind chewing on it all the way to the bank but it's my team that has to eat it also and to me, they are the one's doing the hard work and making it all happen.So protecting them is my priority.Thanks again for your comment mate 👍

There are 30 year fixed DSCR loan products which gives more flexibility and piece of mind then a 5 year balloon payment.

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