If you’re not paying cash for properties, get pre-approved for an investor loan to understand your available credit.Time FrameThe shorter your timeline to achieve your goal, the more upfront capital and credit you’ll need.End GoalMost investing goals focus on replacing their current income, like $5,000/Mo.

This may border on mortgage fraud though if she gets a conventional loan knowing she intends to just hand you the title.What about a private lender that won’t make you sign personally?

Are you aware that a percentage of rent on additional units of MF can be used as income to qualify for the loan? 

@Shak F. you wont be able to do a cash-out refinance with a conventional loan, since they require 12 months.

My bookkeeping practice pays me active income, so my priority is equity.For debt loans, you will see 10-15% annualized, depending on your experience as an operator.

Was thinking of taking a Home Equity loan for the downpayment ( @ $100,000-150,000).

You could get a new loan for $150k.

You verify the lender actually owns the loan and does not have any leverage elsewhere on it.3.

There are two pieces to the loan calculation - loan to value (needs appraisal), and debt service coverage ratio (rental income vs. mortgage).

Plus you can get 30 year loans instead of 5-7 year loans you would get on 5 units or more.