Cheers to closing out 2024 strong and moving into 2025 with intentionality!

I'm also here to give my knowledge to others from my experience as a landlord and maintaining and improving homes.Thanks a lot and Happy Holidays!

It is a slow time in the market overall with the holidays this month and next.

All the best ones I know are full and not taking new clients.I would encourage you to hit this one hard because they get very busy in a month and they have little to no time for anything other than servicing clients after the Holidays, until May.Real estate lawyer - I use and recommend @Brad Schaeppi.

Obviously holidays can cause a delay.  

About 20% use DSCR (usually 20-25% down) and the rest are cash or hard money or something else.For $325k purchase:1) As a broker I would negotiate down as its been on the market a while and its especially now in holidays)2) I would also negotiate seller paid closing cost credits, most loans allow 3% which should cover most or all of that.3) Assuming you paid $325k but got closing costs covered I would anticipate a minimum of $32,500 down and maximum $65,000 down depending on lending product chosen.4) Remember you still must furnish and I use $20/ft as a safe estimate to fully outfit an STR property.Best of luck!

Cheers...

Cheers! 

Cheers,-Aman Thind.

Hope everyone is having a great holiday season.