Quote from @Michael Zimeri: Hi Marise,This is Michael from Coldwell Banker UAE.I have been in the BiggerPockets community for a few weeks now and from what I have seen is that this community and tools are mostly oriented towards the US market.Regarding analysis for Dubai, I would more than gladly guide you through the Dubai market if you wish!

You have a great opportunity to get in for 0% down so I'm glad you found this strategy.

I plan to put two duplexes on the property but with this high appraisal is there a smarter thing to do to pull that money out of it or just use it for better collateral for the construction loan most banks will lend on the transfer price within a seasoning period. we face the same issues for land entitlement and development.

The reality is I think your going to see a lot of this..

No different than if you were using a traditional bank / lender

Vacancy is often around 5%, particularly in high-demand markets, though this can vary by location.

We will allow you to use a new employment contract as qualifying income 6-12 months prior to your start date.  

Hi @Kenneth P Ford,I noticed there were a lot of responses of “messages you” so I’m not sure if that is solicitation, but in effort to help you and other reading this - I’ll share experiences from friends in the Dayton market.

Will it immediately move to full transaction price, or does this jurisdiction use some sort of flat percentage increase.You should know how frequently the property will be reassessed thereafter.

He used old receipts and even letters that mentioned it!