We closed on the construction loan June of 2021, the permit came through Nov of 2021.

If you ever need insights on financing options for rental properties, including DSCR loans to scale your portfolio, I’d be happy to help.

Some are on septic and well systems and not regular water and sewer.The more you go suburban to urban core with upgraded construction the more the cap rate tends to drop but generally better loans available for well located assets and a strong tenant.Without knowing expected proceeds from the exchange, if you will add additional funds to the down payment, what purchase price you are wanting, what area of the U.S. with cold belt versus warm belt states, etc. it is hard to comment further.

Woohoo! My offer got accepted for an investment property in Pennsylvania. Next up is a huge financial hit: closing costs. I just signed a bunch of disclosures from my lender and after reading them it has me thinking, ...

Your best option is a Conventional or an FHA loan. 

You can finance it with an FHA loan (3.5% down) or a conventional loan (5% down) if you plan to live in the property.

Hey @Cameron MarroPersonal Loan or Line of Credit: If you have decent credit, a personal loan or line of credit could give you access to the cash you need for renovations without using your property as collateral.

(Again, ask the bank.)These days I lean toward flips (which is unusual for me) but if the numbers show it cash flows all in with a 7% loan, then sure.

Quote from @Sri Reddy: We are a team who are venturing in to constructing a multifamily unit from groundup.We don't have any prior experience in construction and are looking for financing loan options.

It’s like you bought the properties with a 30 year loan and are putting the rest in to a savings account.