They started out on the lower end of the food chain, sold a couple of small properties that they had a decent amount of equity in, rolled the funds over in a 1031 transaction and moved up a rung on the food chain.

Never ceases to make me smile.

I know when Thursday rolls around, it's the first thing I look forward to, other than my cup of coffee.I haven't listened yet, saving it for a walk later, but as usual I know it will be great!

Then work to roll the seller financing into a conventional loan as soon as possible.

It helps to know current rent roll, but for me it's just like buying an occupied SFH that I intend to rent.

Welcome to BP.Ask the seller to provide you rent roll.

Sorry to hear that the market is getting tough for you guys.I'm wondering if the new mortgage regulations that rolled out for first time buyers will have any effect on the process -- hopefully eliminating those in the market who don't actually have the assets to be a serious investor.

I've heard of a couple people even rolling closing costs into the loan, but the market in my area was so competitive last summer/fall our offers were never approved.

If you have a good SEO person that can roll with the punches from Google then go for it.

:)If you are going with some kind of commercial construction or rehab loan or have private/HML in place none of that is relevant.For the multi which of those units will you be living in since you will need to reduce the rent roll by that amount.