BUT The points they charge and interest are both way higher than normal, on some deals I ran numbers the points and interest were going to be 20k on properties where the ARV is 100k so you have to get properties at such a low price to make it work that it is so hard.

However, looks like there is a harsh line as far as what locals can afford and if you go over that, vacancy is high.Watertown, NY- I’ve seen many great multi-family properties in the low to mid 100s.

This property in Anderson, IN had strong potential due to its low purchase price of $60,000 and a promising after-repair value.

I would greatly appreciate it.Thanks,SG There are lenders out there either with low LTV or high fees  pick your poison

I see too many investors now, put a significant amount of money in rehab costs and over leverage themselves on hard money loans with low down payments, their properties are not selling and they are lucky to just payoff their current hard money loan via a DSCR refinance. 

I've run into some issues where clients get a little anxious over a valuation that came in low or a condition comes up that is fairly minor. 

I'm looking for super low cost, or preferably free.

Right now, you have a property with a great equity position, solid cash flow, and cheap debt (interest rate is low). 

@Jenna ChenHouse hacking a value-add duplex in Atlanta is a smart strategy to build equity while keeping living costs low.

Some of the best ones are offering rates as low as 5.75% at no cost to you, it just requires a 30% down payment.