It’s a fully renovated, modern-styled, 2-story townhouse with 3 bedrooms, 2 bathrooms, and a basement in Baltimore County, where I live.

-Getting the package to the city was congruent with (and a little ahead of) my expected timeframe.

In 2024 we bought two homes - a duplex rental in Utah and a primary residence in Santa Cruz County, California.

And as mentioned above, if the lender you are speaking with doesn't know what that is...then you need to go to a different lender.  

I asked him a lot of questions about the business and as soon as I got home I was doing research and joining RE forums focused on multi family.

As noted above, a cash deal with all capital liquid in an account today is going to be taken much more seriously than a financed deal or a syndicated deal.  10% EM hard at contract signing and a 45 day close with no extensions will be taken more seriously than 3% EM hard after 30 days, with a 60 day close and 2x 30 day extensions.  

I am a husband and a father to 3 children.

I'm happy to share my experience as both a flipper and a lender.

Hello community,I have researching on benefits of long-term rental, and a bit stuck on requirements to be full time real estate professional (the 700 hours) if one has to be able to take tax advantages.

Here's the breakdown:Financing: We used a seller carry deal with 25% down ($100k), a 30-year term (balloon in 10 years), and a 4.68% interest rate.