A slightly higher upfront cost in a better area will likely yield better tenants and less hassle over time.Investing in McKinney is a great decision, but working with someone local who understands the nuances of the DFW market can help you identify the best opportunities.

I just don't think you can expect a property to cash flow when you're putting 3.5% down.

These are typically interest only and require a payment of 1-4 points up front depending on your area and the PML.

Definitely don’t cash out your retirement funds.

@Brenden Stadelman in general legit lenders do not ask for maney up front other than for an appraisal.

@Yamil NafRaising $160,000 for your short-term rental (STR) venture is a great goal, and there are several ways to structure the deal to minimize your upfront costs while attracting investors.

“Cash Offer in 24 Hours: Here’s How It Works!”

Right now, I’m seeing max LTVs closer to 80% on purchases, though before COVID, we sometimes went up to 85%.Also, keep an eye out for lenders who promise amazing terms but demand large commitment fees upfront.

I have a property I’m looking at in Missouri that’s about 1,400sqft, and not sure the difference between a Cash and a Novation offer. 

Because of this, most buyers come with cash or use short term seller financing.