I can't think of anything more braindead than purchasing a condo in South Florida right now.

My wife and I recently purchased a home where we are planning on converting the basement into a rentable space.

Here are some details;Purchased: 131k in 2014 Occupied the home until a little over 1 year ago, my ex currently lives there.

Purchase price: $735,000 Cash invested: $1,060,000 Sale price: $2,825,000 New Construction project in Sherman Oaks.

I have an opportunity to purchase a home around 350k from a seller I know. 

These loans can be a bit more expensive and don't always have as good a rate as conventional.If you are doing a flip and/or purchasing a property that is in such rough shape that conventional financing won't work, then hard money is a good option.

I'm researching the possibility of purchasing another duplex or a triplex within the next few months.My question is: Is there such a thing as an owner-occupied, non-QM loan for a multiunit investment property?

Total cost significantly below their current monthly rent.3- If you have to 'give them' to the current tenant to get them off your books then do if it makes sense long term.  4- Don't do purchase contracts longer than 18   months. 

Purchase price: $250,000 Cash invested: $5,000 This was a property my wife and I purchased to live in while fixing it up with the idea of renting it out.

Purchase price: $317,000 Cash invested: $30,000 Short term primary -> long term hold with a 3.25% interest rate.