Open to any tips, thank you! 

@Kyle Souza A couple quick and fast tips on qualifying for multifamily loans are having enough experience in the eye's of the lender, a 1.3X DSCR (using lender underwriting..not broker's underwriting), and a net worth equal to or greater than your loan size.

Our guidebook is a page embedded within our website, and having the flexibility to make updates quickly has been clutch.Lastly, and most importantly, these tips won’t make a lot of impact if you don’t have a good product to offer.

Any tips for a first time investor would be greatly appreciated.

Purchase price: $179,000 Cash invested: $15,000 Lived in the property for 1 year.Knocked down living room wall, replaced Hvac, floors and gutted and remodeled the kitchen, attic insulation, converted the living room and the dining area into rooms.

But if you just replaced kitchen cabs and counter without moving any fixtures, and same for bath (left tub alone), then it’s much less work not needing to remove and reinstall Sheetrock, not to mention the plumbing and electrical work. 

Thank you and great tips!

replace fixtures, HVAC, paint, and refinish floors.

Thanks so much for any tips in advance,Kristin

However, there are some bridge loans that help owners capture some of their equity to buy a replacement property, while listing their current home for sale.