It’s like winning lottery - you take lump sum or annualWhen people say well banks do it, the banks can make a $100,000 loan with only $10,000 (fractional lending - which you and I cannot do).

Even if you win in court you still have to get paid from these great class citizens that allow others to live in your place of ownership after they vacant.I can  only imagine the trash and junk they will leave and damage!!

This is a high risk investment for anyone to consider and your best bet is to find a long-term job and qualify on your own.1) Two people applying for a mortgage will go against both applicant's DTI in full.2) What if there is no cash-flow and no equity/ appreciation.What can force you to sell the property keeping her in a bad investment3) What is the market turns and you are not able to refinance the property?

I'm willing to bet if rates went down significantly than getting this property under contract would have had even more competition.

For example, if you’re a first-time buyer wanting to see 3 different cities, low down payment Ioan, no real idea of what you’re looking for, and need to lose 3+ offers before you’ll listen to my professional opinion on offer price & terms, you’re going to be paying me a lot more than an informed cash buyer looking in a specific neighborhood that listens to my advice so we quickly win the bidding wars we still have with lack of inventory in desirable neighborhoods.

We had a LOW inflation report today (7/11/24), big win!!

Hi Beth, Your best bet is finding a DSCR based lender that has looser guidelines on STRs.

Hi Tanjaree, here is what I found for the Waco metro area:Here are my rankings for zip codes in the metro area from best to worst-1.76706 (Waco) 2.76638 (Crawford) 3.76710 (Waco) 4.76630 (Bruceville) 5.76704 (Waco) 6.76640 (Elm Mott) 7.76708 (Waco) 8.76633 (China Spring) 9.76712 (Woodway) 10.76657 (McGregor) 11.76701 (Waco) 12.76691 (West) 13.76705 (Waco) 14.76655 (Lorena) 15.76643 (Hewitt) 16.76707 (Waco) 17.76711 (Waco) 18.76557 (Moody) 19.76682 (Riesel) 20.76524 (Eddy) 21.76624 (Axtell) 22.76664 (Mart) 23.76654 (Leroy)The Waco Metro also rates slightly above average compared to the rest of the state, making it a fairly safe bet as far as Texas goes. 

I attended the seminar recently in Pasadena sep/16/2022Of course the rep or speaker was very motivational and did make it seem to become rich in a click of a bottom.. what he aslo said is that people are scared to take chances like this because of lack of education... he mentioned this only Once, But thats all i needed... then he kept going on talking all about the Postive and easy steps and wealth and etc.. at the end i left without paying $300 to become a memeber or attend 3 day class... remember education ... so i went home and educated myself checked everything needed on line.. and there are more cons than pros.. and the big fish eats the small fish.. before buying any lien you have to attend an Auction... was i ready to face those auction people .. no is every lien a winning bid No.. am i getting the best lien no .. big investors wont let you do that.. but this semianr made $300 per person that night ..  

I bet you can guess what happened next.