Our lender has informed us that we need 12 months of rental history to use the actual rent for financing purposes, or we must rely on the appraiser's fair market short term rental value.

I’m considering doing a cash-out refinance, not sure what the best options is , to use the rental property or the rehab property.

The midwest has great options - Indiana, Michigan and Ohio has lots of great sub markets with good cash flow. 

Our strategy is looking for multi-family homes to purchase and hold as option 1. 

What are your next deal options?

We are trying to think of all our options for a rehab loan.

I am slowly going crazy with how expensive Massachusetts is and I am leaning towards looking at cheaper foreclosure properties.I understand there is some risk to this but I am beginning to think this is the only option I will have because of how fast the market is growing.Thank you for any insight you may have!

I will ask again regarding pipe lining options.

But I ran some actual reports for clients this week and wanted to share.

I am on the lending side of things so feel free to reach out if you ever want to talk shop and finance options that are out there.