Perhaps we "buy" the house from them for the $328K balance to satisfy the lender and don't need a large down payment and then have a separate contract with them to pay $x per month until we've paid the full $172K amount.

Challenges?

Securing financing is often one of the biggest challenges new real estate investors face.

@Deirdre Lizio see a lot of competiting PMCs start with a pledge of doing it better than "what's out there".Always interesting to revisit them 3-5 years later - after they've experienced the reality of challenging tenants AND owners.Look no further than Evernest: they started out with flat fee management at $99/month and promises of better & fairer service & pricing.Now they're at 10%, capped at $199/month - wonder what changed?

What was that challenge like?

Challenges?

Challenges?

Maybe we can exchange insights and strategies to help each other navigate the challenges of getting started.Looking forward to staying connected!

Property values here have a steady history of growth, making it a reliable market for long-term investment.2.Tenant-Friendly Laws: While this might seem like a challenge for landlords, tenant-friendly laws create a stable rental market.

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.