When Trying to qualify for a traditional loan, lenders usually price your purchasing power at 3x your net income.

Investing in single-family residence fix-and-flip projects in New York involves purchasing distressed or undervalued single-family homes, renovating them, and selling them at a profit.

What was the purchase price of your property?

I understand the concept insofar as if I'd purchased the property, the basis would be what I'd paid it.

We also just purchased a house in Oliver, WI that we plan to run as a short-term rental.

Quote from @Kyle Harris: I'm a new investor and looking to learn as much as I can this year and hopefully make a purchase on a multifamily unit by the end of 2025.

Here’s the context:The house appears vacant, with a large tree that has fallen on the property.From what I can see, the house seems full of furniture and might even be a hoarder home.I’ve skip-traced the property and found that the owner has unfortunately passed away.The house seems to be mortgage-free, and I’ve identified three phone numbers associated with the son, who I believe is the heir.I’d like to reach out to the son to express my interest in purchasing the property, but I want to ensure I do so respectfully while also gathering the right information.Here are my questions:What’s the best way to approach the heir while showing my condolences for their loss?

Does anyone know of any banks or lenders that will finance the purchase of commercial real estate notes?  

Quote from @Tangie Pate: Has anyone purchased the Lee Arnold System and used his pre-trained virtual assistants? 

For this report I used an FHA loan for example, so 3.5% of the purchase price.