Combined with an additional pledge on the newly purchase 6-plex and your lender is in a much better position than the 100% financing. 

Contribution - some want to provide good housing options.Most will have a combination of all these factors.QUESTIONS.What type of cash flow are you looking to generate? 

Terms for the seller 2nd have generally been 5%, interest only, 5 years.I'm only considering properties under this scenario that cashflow well immediately, hence the i/o payments, in addition to having a strong value-add element.

Elements like window frames, door frames, railings, door handles, post boxes, a flowerpot, and address posts can greatly enhance the overall look.As Kristin mentioned, it looks like a nice flip.

Great show but can add the wrong elements to a situation too-Lol.

For those of us who have most of the necessary elements, why wouldn't we diversify our units?

Mobile is ranked 7th in the U.S. for least stressful city, and 25th as the best city in the U.S. for Millennials to live.Employment Information -- The top providing employers of Mobile are The University of South Alabama, Infirmary Health Systems, and Austal, who combined provide over 14,000 jobs.- The Mobile Aeroplex brings in another big economic industry which is Aviation.

Main thing for you is: - Have both you and your buddy talk to the same lender and get pre-approved to understand down payment options and what your combined budget would be- Decide how you want title held (joint tenancy or tenants in common) - do a google search on this to see which option is best for you guys- START SHOPPING!

There are two separate issues here: one is combining your personal and business banking which can complicate filing your taxes and is generally frowned upon.

There are seasoning periods which means you have to wait if you want more cash out if the property because of property improvements, time passed or a combination of the two factors.