What kind of loan were you applying for?

It's OK but super skinny and a lot of work doing a rehab loan for $23k profit if everything goes perfect.

Also, zero leverage (ie: no loan)$ 52,800 * .50 = $ 26,400 = NOICAP = $ 26,400 / $600,000 purchase priceCAP = 4.4%  (NOT a good return considering you can yield higher returns elsewhere in less risky investments) 

@Abu S Syed What Questions do you have about DSCR mortgage loans?

Part of your consideration is the type of loan you will use.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

I would check with lenders though to make sure you dont get stuck and your buyers cant get an owner occ loan because of this..

If you require financing, you will have to apply for a DSCR loan. 

Negotiated $198,000 in seller financing through a Promissory Note, pulled a $99,000 commercial loan with a 5 year balloon, and contributed $33,000 as a down payment.

Jerrell,That would be a pretty simple process you could use a renovation loan or do a cash out refinance.