I would pull a FHA loan for $665,000 and live in one side and rent the other side out to a family member for $2,000 a month.

The cause of the 2008-2010 Great Recession was bad real estate loans - if you could fog  a mirror, you could get a mortgage!

I've seen many investors get burned because they failed to understand their hard money loan terms/rates, even if they did acquire what should have been a home run deal. 

What is the minimum amount of profitability acceptable at a $60 million loan volume4.

Hi Treza,Not sure where you are in the process there, but when your ready to exercise financing options please reach out, it's very difficult to find a ground up program for inexperienced borrowers without having an experienced GC sign on the loan with you which in turn is not easy to find. 

Once you’ve built capital, transition to small multifamily units using DSCR loans for steady cash flow.If you need help analyzing deals or securing funding, let me know.

Hey @Jaycee Greene, we typically get loans from smaller local banks.

We approached the existing lender for a loan assumption.

We were able to get into it with a 5% down primary residence loan.

Too bad I was 12 years old and couldnt take out a loan lol not sure how to take this