This means 20-25% for a down payment, and it has to be your money that you're using (verifiably in an account that belongs to you).Though there are programs that lend up to 90/100 to first-time investors, those programs usually don't work in Maine due to the rural nature.

I plan to check them out although I don't think they can be competitive for lending against equity vs alternatives like IBKR.I will keep this thread posted as we navigate this in case others are interested.

LIke she will talk to her client  ( Hey client i just found the home your going to buy) Not ask them what they think you have to be able to actually sell and this is a skill that some have naturally but it can be taught and boy it can be tough to teach as many just don t have the personality.

. 🧐  My son is a natural entrepreneur.  

MTR arbitrage may allow an owner less hassle and equal profit from their unit compared to the other available alternative of LTR.3.

Alternatively have parent LLC that is registered in CA, but now you expose each LLC to the other.

So there are many more participants at the novice level who may not understand the risk/reward nature of this type of investment. 

We can discuss the finances on this purchase (I will be up close to $1m on this after this rehab from 3 sources: 1) purchased below retail 2) value add 3) natural appreciation).  

I've read many other forum posts explaining how natural appreciation in Scranton is very slow but will cash flow nicely in the right area.

Flipping or rental properties seem like a natural fit for you.