I’ve been investing locally in residential properties over the last 25 yrs and I have 100 doors .

Must withdraw the full amount, fixed rate for the balance of your loan, must pay origination fee, choose short term of 5 yrs to lock in best rate.

Many said over 3 yrs with nothing rehabbed or rented, while ABC collected interest on the funds. 2 investors had squatters, because the homes were not managed proactively while sitting vacant.  

I plan on buying, rehabbing, and living in the home for at least 2 yrs.

But in both I would be starting all over again for 30 yrs

Spent about $30K on those 2 triplexes (which basically nulled the cash flow) and sold it 1.5 yrs later to 1031 into a 19 unit building for $2M, that cash flows $60k/y.

Here are the #s:Asking $129,0002 bed 1 bath 718sqftEverything has been updated15% Down - 9.5% Interest rate - 30 yrs amortization, no ballon Rents around $1000 - 5% Vacancy - $700 Taxes yr - $741 Insurance yr - 10% Property Management - 1.5% of rent for Maintenance and 5% of rent for capital expenditures. 

It took the company about 15 yrs of being around and building their portfolio before the two principals of the company were able to remove themselves from all personal guarantees and get to purely non-recourse debt with bad boy carveouts.When looking at MF loans, you can often find non-recourse debt on acquisition financing as low as about $1mm loan balance, even with no real experience (granted, you will need an experienced management company lined up and personal financial statements showing a net worth equal to loan balance, but you are not putting your personal financials at risk like many commercial loans).

Hi all, I'm new to the forums and open to feedback/advice on building/investing in Western NC.Some background on me, I've Lived-In rehabbed and made decent returns on 8 houses (lost most of it in a old divorce so in the middle of a restart to try to actually retire in the next 10-15 yrs).

Also I spoke to his previous work supervisor for 8 yrs when he was stationed in Utah.