Credit history and sourcing funds for down payment / closing will be a factor in the pricing of the loan. 

Hey everyone,I wanted to share an exciting creative financing deal I just closed that resulted in over $50k in equity, with only $6k cash to close, plus many other benefits!

You can increase your budget once the deals start closing.

Turning a corner with more inventory, more sales, still higher prices reflecting strong demand.Median Price: $660,000, +7.06% Yoy.Closed Sales: 3,615, +8.92% Yoy.12 month Closed Sales: 38,005, -13.85% Yoy.YTD Closed Sales: 13,004, +9.02% Yoy.Inventory: 5,896, +26.31% Yoy.YTD Inventory: 21,298, -10.88% Yoy.New Listings: 6,146, +15.96% Yoy.YTD New Listings, 20,237, +7.49% Yoy.Months Supply: 1.8, +38.46% Yoy.Cumulative Days On Market 38, -13.74% Yoy.

So you are leveraged out 72.3% and with a 450k loan amount you are looking at 12k in closing? 

Your choice, but it is not reasonable to expect to pay lowest rent and living in above minimum maintained properties.  

New supply hit all-time highs or very close to it for many cities in the state.

You could also do a simultaneous closing of a fixed first mortgage as a ‘cash out’ refinance and piggyback a new investment property heloc for future use..although the heloc rate will be stronger on the primary.

We've worked together closely for 20+ years and he's very experienced with coordinated 1031X transactions.

Account Closed, I was asked this question and I do not know the answer.