Hi Everyone, I am looking at buying a 15 SFH portfolio in Detroit, I wanted to do a DSCR loan (total purchase $852k) but most I can find say 1 - 4 properties, all the numbers check out and make it very viable.  

In her opinion, many investors are desperate to get out of their saturated markets but are waiting for interest rates to come down since many of them had purchased back in 2021-2022 at lower rates and higher prices.

Most were my clients, and some were personal purchases.

Bottom line was that the specific loan I set up - evaluated - for them I told them the risks and that they should lend no more than $3 million.  

In order to qualify for your first investment loan you will need to put down 25% of the properties purchase price.

Looking for someone to review HVAC systems in a multi-family property - specifically duct work design.  

@Sam FaasAn owner financing agreement between buyer and seller should always be memorialized in a written document that includes the specifics of the deal.

If you don't have specific prerequisites, you should put some in place. 

I purchased my first property back in Jun of 2020.

A lawyer should know to send anything legal as registered mail, specifically to have that receipt as proof.Just another example of why networking with other real estate investors in your area can help.