Let the properties season and re-fi into a traditional loan at which point repairs will have been made4.

My options are traditional lender @ 6%, take a 401k loan(5 year payoff @ 3.25%), or wait another 1-2 years to save the cash.

But for how big this operation appears (from their national level ESPremier product) you would think they would have a "Deals Funded" page itemizing their $50M in deals.

Now, I have found a killer off-market distressed-seller apartment complex and I cannot wait to do a traditional "sell-then-buy" standard 1031 exchange.

Some advantages might be the current state of the dollar and qualifying for traditional financing if you're a Canadian.If you wanted to proceed you would want to speak with an accountant about reducing the impact of double taxation.I certainly think there are opportunities to be found, particularly if you have some kind of insider knowledge or connections that will give you an advantage in the market.

So, 7% Cap isn't bad, especially for multifamily.1998 is still relatively new, so you shouldn't have too many capital expenses and too many maintenance items.

Should you need to back out of the contract for any reason, you simply need to find an item on the inspection report that would NOT be readily apparent to the average buyer going through the home and looking at the property prior to making the offer.

I can no longer qualify for traditional financing to purchase a property to move to , so id like to find a house for under 40k in a decent area that we could pay cash for and use as a rental in the future, or live in for an extended period.

There were a ton of educational items we will take to our next flip as this was a huge learning experience.

The quote was around $1,500 for 3 months (minimum) of full room furniture and furnishings for each room in the house - though I think we could get by less items as recommended by the rental store and get it down closer to a thousand dollars.