My question for LTR investors - what would be an ideal loan for you assuming its for a longer term hold..Please dont tell me 3% no fees, 100% LTV, close in an hour, no prepay etc etc  LOL ...  

After a transformation, I import information from Stessa (it auto-injects info from banks) into a relational database, run a few queries, and then do a cross-tab query to bring it all together into a report. 

There is zero income on the property right now because the current owners were using it for personal use and/or letting friends and relatives use the storage units and the metal building (for an auto dealership).  

When you get your appraisal, post your appraised value and value of property without the ADU and ideally the address.  

@Jerry ZhangThis is not your ideal seller financing individual.

Hey Ryan - Looks like a rehab and refinance could be an ideal route for your plan!

The other is a non-traditional offering (higher risk and ideally higher return that even with some large issues seems likely to hit the high returns and is very frank about the problems they have encountered).  

when underwriting a property a good rule of thumb would be to set aside ~5% gross income for each Cap Ex, maintenance, and vacancy. (15% total)I dont know much of the market in TX but in central MA i work with a lot of investors that are interested in acquiring multi family properties so that's mostly what i deal in. 

Starting out without cash flow isn't ideal, but it's not the end of the world if you have a plan.

-STANDARD SALE- 7,000 sqft lot just south of Ventura blvd in prime Sherman Oaks is ideal for development or remodel and add sqft The charming home is within close walking distance to some of the best restaurants this area has to offer.