I noticed the seller started out trying to sell it for $800,000 but he was lowering it pretty aggressively.

As seen above, average rates were in the 6.5% range and projections for both MBA and Fannie showed projected higher rates before they came back down.

@Henry Clark @Jay Hinrichs This post was never meant to be about me as a Coach...notice my original post.

I am pursuing Fannie Mae’s 5% Down Multifamily Loan.

Hello, I noticed this post from about 9 months ago.

They could all disappear tomorrow putting their $ in jars and I doubt the banks would even notice. 

It’s a level of customization that’s hard to find with the rigid terms of traditional banks.I’ve also noticed that private lenders are open to funding niche opportunities that banks might consider too risky.

Just make sure you follow the landlord/ tenant laws in your area to a T, deliver all the notices when and how you’re supposed to etc.

-Changes to the timeline for notice to renew.  

There is still a risk: You do not have the right outprice and lose money, your deal goes south due to unfound things when you bought it, then the rehab phase brings them up, and you spend more, and the market changes, which is something that can happen on a moment's notice.