Your goal is to plant the idea in their mind and create a situation where selling to you feels like the easiest and most logical solution for them.If you haven’t already, the first step is to get pre-approved for a mortgage so you know what you could afford if you were to purchase the property conventionally.

I have mixed feelings about it, so we'll see where that goes.Fortunately over the last 6 months we have been able to pay off a decent portion of the debt, so things are starting to look up. 

Hard to do in the beginning but that's where I feel comfortable. 

In my estimation it takes 2-5 years before a rental is broken in and feels like a good investment. 

keep going after it. run lots of numbers and do a lot of underwriting. feel free to reach out at any time if you need help in your market. these properties that are 3 units are rented and then a cash out refinance that not only makes money but returns full capital to the investor on DSCR loans similar to the interest rate you mentioned above. 

If you need any help with the financing or have any further questions, feel free to reach out.

Feel free to reach out privately if you’d like to exchange further ideas on this topic.Best,Amanda@Youssef Pullman

Feel free to reach out if you ever have any questions Best of luck on your journey!

Or did you really feel that could honestly happen?

I do feel like anyone serious enough will just take the two minutes to answer the seven questions, which basically just establish if they meet the minimum requirements (3x the income, Credit Score, No Pets/Smoking, etc).