If you eventually convert the property to your primary residence and later sell it, the taxes would be prorated based on the ratio of time the property was investment property.These items should be addressed and discussed with your tax and legal counsel to ensure that the exchange is the best course of action given the restrictions and requirements. 

@Jaycee Greene  they require a non refundable deposit and give 48hrs to see proof of funds 

There’s a ton of investment pouring in, job growth, and a growing demand for housing.

Hi Ryan, There are many DSCR lenders that do not have a minimum ratio requirement to get a higher LTV.

BTW: most owners that have hired a PMC, don't want to speak with you, much less meet with you in person to hear a hyped-up sales pitch.Also, you want to do rental arbitrage - so, you will need to be properly licensed to manage properties you do not own as required by your state & local laws.- why would an owner want to do business with someone NOT properly licensed?

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

I want to connect with more investors, wholesalers, real estate pros, anyone and everyone as I look to not only do my job better but grow my portfolio.Looking forward to networking and learning from this great community.

I learned enough (in summary) what they needed to do their job in getting my funding to make it easier on myself.

That could be a good opportunity, but underwriting of a seller-financed fix-and-flip deal requires careful analysis.

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