I think it should appraise for at least 600k and think 650k is reasonable.It’s fully renovated and fully leased for $5,200/month.I’ve reached out to banks to see if I could use cross collateral to be my equity contribution but at least so far they’ve also wanted 10% cash.I’d like to avoid coming out of pocket with cash.I was wondering if you had creative ideas on how I might be able to get this financed 💗

HOWEVER..I'm getting a fair number of deals with significant cashflow and equity that make these amazing buy-and-hold opportunities at 2 and 3% interest.

I focused on construction to permanent loans on site built, manufactured, and modular homes.

Welcome to BP and congrats on jumping in and getting started. 

We are about to buy a Building that just so happens to be in an opportunity Zone and meets all the requirements to be eligible for a fund. 

Building codes change and labor and materials go up.

If we were a GC and had cashflow for 2+ years and positive NOI they would consider a small business loan but outside of that, its challenging getting a business loan for real estate.

Because I got trained and knew that it was just a matter of time I'd find a deal.

Everything else I can do with pen and paper.  

I remember visiting a buddy’s place in Austin years back..he had a similar setup over his detached garage and was convinced that adding a window unit and some carpet would let him count that space towards the home’s total square footage.