Get your real estate agent involved now to determine what product quality you are looking for.

So I started trying to get creative on how to create a win-win-win for all.Here’s how it went down:I got the sellers to agree to an asking price of $180k, a full $40k over what they originally wanted.In the offer, we included a seller credit of $34k.This strategy allowed me to cover the extra commission for both the buying and selling agents and ensure the seller got exactly the cash they wanted should they have sold it at 140k.With the seller credit, this reduced my total out-of-pocket expense to just $6k.I used a commercial DSCR loan product with a local bank.

They are a fairly new outfit but seem to have a good product offering and have been responsive thus far.

Your construction loan would wipe out any liens that you have on the property when you get that product.  

We have numerous products in New York for 30 year fixed rates on 5+ units, would love to get on a call to see how my team and I can assist you.

Or does it have to be an investment product like DSCR, etc.Thanks!

Travelers has a home sharing/furnished rental product that I use for mid terms.

Hey BiggerPockets Community,
I'm thrilled to join this vibrant community and connect with fellow real estate enthusiasts!
I'm delighted to introduce myself to this dynamic group of real estate enthusiasts! I'm Gil ...

I currently have over 50% equity. 2nd position products on investment properties are going to be 9%+ almost everywhere, and 10-12% isnt uncommon.

Cities like investors who come to them, check the rules, follow them, and produce good product.