That's 1.56%.The reason the debt number is so low is because I need the principal and interest to be low enough to achieve my profit and operating cost goals.

The total cost including construction and permits (but excluding the land) comes to about $2.14 million.

Multifamily properties provide higher rental income and lower vacancy risk, but they require higher upfront costs and more management.

Asked Price $290.000Purchase Price $260.000 + Closing Costs How did you finance this deal?

My experience with the smaller multi-family units has been that more occupants = more wear and tear on your property so the turnover costs are often higher than SFH.

I wonder Trumps thoughts on the affect of Tariffs and the cost of materials.

For me, I could handle the increase in cost and still pay much less than If I got a 4/2 SF.

he does some incredibly detailed walkthroughs on BRRRRs and flips and he covers the types of costs that are often overlooked. 

The reason is that for most programs anyway the 60% loan to value will give you the best rate and best cost available and of course you should still be able to have a healthy cash flow at that loan loan to value.

It’s a great way to get started in real estate and will offset your living costs when you do move out on your own.