TIAErich your best bet would be to amortize it over thirty with a 5 year balloon. the issue with private lenders  vs. banks is private lenders use their money to lend and many times it may not keep up with inflation - so lending for that long does not make sense.

Purchase price: $285,000 Cash invested: $135,000 Side by side 2-family properties (4 units in total), which needed either updating or a full build out.

This is the primary reason your property has is not a good brrrr. 

I’m a construction manager with years of experience working on rental properties and flipping homes.

I found through the website “My House Deal.com... which shows great discount and when I clicked on that property, it will show the contact person.

For transactions like this, the Real Estate Excise Tax (REET) in Washington typically depends on the property’s value and may be progressive.

I am ready to move forward with investing in my first property as soon as I am able to identify a good deal that makes sense. 

The idea is that he will 100% fund the acquisition of buy and hold properties (down payment, etc.) and I will 100% find, acquire, and manage the buy and hold properties. 

His question was, if you have a long-term residential lease signed 1+ years and the property is rented out, does the mortgage still count against your DTI?

Hello everyone,Can anyone recommend property management in Brownsville Texas?