I found the son on Facebook and sent a quick intro giving my condolences, expressed my interest in purchasing the property, and provided my phone # in case he decides to follow up.I'm in the process of preapproval with a couple lenders, and have reached out to a couple realtors in my area to see which may be a good fit.

This might take more time than you'd like.The other (great) option is something like LightStream Capital.

For a first time investor, I definitely recommend house hacking for most people as homeowner loans are by far the best in terms of rate and LTV. 

But since i rarely held more than a year all the others got paid off quickly so I did not have to do all the hidden tricks to try to fool the bank or well not fool the bank or servicer but make it harder for them to figure out I was now the owner. 

Those holding cost will certainly add up over time and kill any cash flow.

What is the time period required before refinancing?

Hey guys,My team and I put together a 5-Minute Deal Evaluator that helps people quickly underwrite deals in about 5 minutes!

Most of our newer investors approach 2-3 lenders to discuss loan options.Some lenders recommend making your financing inquiries within a 45-day time period to avoid larger drops in your credit scores.All the best!

Rent rates have increased so quickly over the last few years.

Hi all, and nice to meet everyone. I just recently went under contract on my first property. Its a 3 bed, 2 bath, main house with a den and attached guest house. Guest house is 1 bed and 1 bath. I will be living in th...