Duplex can always add additional units via the ADU laws. 8) Related to number 1, purchasing a property with an existing ADU is cheaper than buying a property and adding an ADU.

I own a mortgage company now that does both residential and commercial finance, but I spent years as a commercial banker with both big banks (First Union/Wachovia) and 2 community banks.

Financing options do exist: hard money loans, renovation loans, and some traditional mortgages can be used on distressed properties if criteria are met.

Finally, always get the credentials to access the mortgage account online and change the email notifications to your address.

These low interest rates make financing property purchases more affordable and appealing, enabling investors to secure favorable mortgage terms.2.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Have you thought about buying a duplex or other MF property where the renters can help pay the mortgage?

I am new to rental appartment so wanted to get some advice, if I build a 7 unit appartment for $700,000, say mortgage of  $4000 per month.

Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.

Then the rents would cover that payment plus the mortgage with cash left over.