Also talk to title companies that do a lot of business with investors. from what i understand ND is one of 12 states that requires a state MLO license and NMLS registration for any loan that is on a 1 to 4 unit regardless if its owner occ or not..

Aso was looking in areas such as texas, OH, I would love to stay in NY but not sure my income is high enough to get something suited for here.Hey Jarred,You can also look into a DSCR loan in either of those areas.

The loans should be for the full amount of the property value or higher. 

And in many cases you're able to write off almost off of the income from the DST against depreciation because of the nature of the non-recourse loans and your ability to buy additional depreciable basis.

Turns out, there is a a loan called the MISHDA Loan in Michigan.

I took out a personal loan. 32k.

@Rachel StahlmanIt won’t be a refinance but a purchase typically because you are not on the deed.If the land contract is recorded then possibly but typically since you are not on deed it’s consider a new loan

So when you buy a property do you use a conventional loan or something else?

.- Try to find off market deals for way cheaper (e.g. using hard money, then refi into a rental loan)- Try to find properties where the owner will finance a big part of it and you get only a small loan with higher interest rates for the down payment.- Get a property subject to where you take over payments for a loan with lower interestfeel free to reach out and discuss some ideas

The same loan brokers that do MH also do RV, as do the insurance companies.We own both, and the only benefit of an RV park is that -- if you find the right one -- you can ramp up revenue faster because it costs you nothing to fill a vacant lot.