Also, explore creative financing options like seller financing or private loans to reduce upfront capital needs.

The electrician got the 4 gang meter pan installed and went through all the fuses and whatnot to divvy out and installed separate panels for each unit.

Difficulty in getting a second loan?

That is cheap to install 2 units in my opinion. 

Its your collateral, so I assume if you sell, it probably needs to go to pay down the loan.

My pre conceived notion was that 80 was sufficient @Tyler Garza With respect to DSCR loans, the LTV is only one factor that lenders consider when underwriting a loan.

People tend to waste a lot when everythings included, so this helps to avoid that problem.There are also companies out there that can install a meter in lieu of doing a full submeter to ascertain how much usage the unit is using monthly.

If you're dealing with them for agency loans (ex.

Since you'll be owner-occupying, take advantage of low down payment loans like FHA (3.5%), Conventional (5%), VA (0%), or a 203k loan for renovations.

Our names go on title and our loans have the real estate as collateral so they are “secured loans.”