I do have a program that can close on a blanket loan in multiple states - they do tend to like to cap that at 10-12 properties or $1MM in loan amount per blanket loan.

I’m fully prepared that there may be unforeseen costs, but I can’t even estimate properly for your standard cosmetic rehab…  I would spend the money and look to have multiple contractors walk a few on-market deals even.

The shorter the prepayment term has an impact on increasing the rate.4.

I have a property with a house up front and a studio duplex in back. I was just informed that all the mail goes to the front house. The house is in the city limits of Klamath Falls, Oregon. I just wanted to see if any...

Our goal is to purchase multiple properties in good neighborhoods with ARVs up to $250K.We’re eager to connect with experienced agents, reliable contractors, and any other local experts who can offer insights on building a successful portfolio here.

@Stephen Hood your idea is solid and shows good potential, but here are a few things to consider:Private Lender Terms: Ensure the lender agrees to the 1% origination fee and $2K monthly payments—some may require a higher interest rate or balloon payment at the end.Timeline for Sale: Factor in potential delays with selling your current property or completing renovations on the new one, as these could impact your refinance timeline.Refinance Feasibility: Confirm with lenders that refinancing at $500K is realistic, especially after recent rate increases and appraisal expectations.Exit Plan: Have a backup plan in case the market shifts or repairs take longer than expected, such as extending the private loan or bridging with a HELOC.If you can lock in favorable private loan terms and stay realistic about costs and timelines, this could work well.

For what it is worth, I have passed multiple CHA Section 8 inspections for non-conforming garden units that are up to city code (e.g. ceiling height requirements)

Or your can buy multiple properties with small mortgages.

Once you have a track record of success, they'll fund you for multiple projects at the same time. 

And the reality is the lot is NOT split, and the real cost in doing so, the impact on cashflow and the risk to my loan make it an untenable effort unless I planned to sell right away.