Whether or not a passive investment in a private opportunity works for you depends on many things. 

I’m looking for insights on how to put together a deal with the following details:Asking Price: $260KMarket Value: ~ $265KProperty Details: 3 bed / 2 bath / 1,400 sq. ft.Days on Market: ~100Loan Type: VA Loan (Attempting a VA Loan Assumption)Mortgage Balance: $200KThe ChallengeThe seller is behind on mortgage payments, and while I don’t have an exact amount, the agent mentioned it’s over $20K.

Cash Reserves & Emergency Fund✅ Have 3-6 months’ worth of expenses (mortgage, insurance, taxes, and maintenance) saved.✅ Keep an emergency fund for unexpected repairs and vacancies.2.

My business could then pay the utilities, property taxes, mortgage interest, insurance policy, and home repairs. 

I work with several private & hard money lenders who specialize in funding BRRRR projects and can offer more flexibility and quicker turnaround times than traditional banks.

Quote from @Charlotte Wilson: Maybe I am overthinking this but when I look at properties to purchase that I plan to rent out, how do I make sure I am including all the potential additional “cost” besides the mortgage and property taxes?

HML is expensive, better to use private money from friends or family. 

I'm not an attorney, not a mortgage broker, not a bank, etc., etc. 

Thanks,Chad Otsuji If you need to close in two weeks a local mortgage company is probably out of the running.

How can you semi accurately predict what your mortgage payment will be?