Quote from @Ngozi Iwunze: Hello BP community, I'm closing on a property in Downtown Cumberland Maryland.

The advantage with the bank was minimal closing costs, a good interest rate, and a draw system so I could get funding as I completed each rental unit. 

I'll be following this one close as we are currently evaluating possibilities.

The eleventh hour deal just fell through after we jumped through hoops getting them every piece of paper they needed to close this deal by tonight.

We took about 14 months to close this deal and the seller was very generous on keeping the price low.

I would recommend sitting down with an attorney so they can outline what the process will be like and their rent for closing the selling and what documents they'll need from you (if any because they can draft them).if you decide to sell to a residential buyer, make sure you're confirming that they are able to finance it or that they have cash to purchase it.

A partner and I began searching, and after coming up empty for 6 months, we were sent this deal by a close friend and ended up closing a month later.

After some issues with the mortgage lender not doing their due diligence until the last minute they put in some of their commission to support the closing of this property.

With rates and lending terms constantly changing, I’d love to hear from those who have recently closed or explored a blanket loan.Which lenders are offering solid terms right now?

Keep a close eye on interest rates and cash flow projections to ensure these strategies align with your financing plan.