Negotiating favorable terms like a low interest rate or interest-only payments for the first few years could help manage cash flow until renovations are complete.

Quote from @Michael Belz: I was impressed by your blog post discussing the success of small cash-flowing real estate deals in Detroit, particularly with smaller houses.

Wishing you the best of success!

We are a small partnership with 4-5 properties currently, but we are growing and hoping to find a reliable lending partner that we can do repeat business with.About 3 months ago, we successfully completed a BRRRR deal where we had excellent numbers, over a 1.25 ratio at 75% LTV, our guarantor partner has an 800+ credit score, and we had no issues qualifying for the loan.

I’d love to hear your experiences, opinions, and any tips you might have for successfully implementing these strategies.

What are your non-negotiable factors vs nice to haves?

Congratulations on your success in your previous investments. 

If you're looking to do value-added deals out of state, you're decreasing the chances of having a successful experience.

How did you find this deal and how did you negotiate it?

Although I don’t have experience in house flipping yet, I’ve successfully run a construction business back home.Due to the war, my family and I had to search for a new place to live.