Hi Jayce, we got the seller to carry back the portion of the down payment and the bank to finance the 1st position on the rest.

All of their products are Dutch-interest and their highest leverage option is a 1st position with a 2nd position loan wrapped with it to get to higher leverages.  

Positive Cash FlowImmediate cash flow isn’t always possible in growth markets.

Right now, you have a property with a great equity position, solid cash flow, and cheap debt (interest rate is low). 

Since graduating in 2021, I moved to Washington, DC to pursue a civil engineering career and am now feeling like I am in more of a position to start learning and pursuing real estate investing seriously.

A&D has a 2nd position DSCR but not revolving - installment only.AO has a HELOC but self-employment documented for 2 years is required. 

For the most part, due to interest rates, breaking the 1% cap rate still won't provide positive return after expenses.

This creates a large negative equity position.  

@Timothy Frazier  This will be tough as the HML will want a 1st position loan, but so will the other lender providing the rest of the funds. 

With an 8% ROI and an RTP of 12.38, this market is well-positioned for rental income generation.