So my PITI on this after the first year will be around $2,000/mowater-$215/moCapex/Rep- it should be like a new house at the end, so I'm only factoring 5%/mo-$225Vacancy-$0, I've got six other properties in the neighborhood... no vacancy with college kidsMisc-$200Estimated Cashflow/mo- $186021% CoC ReturnMy question is this...... my original plan was to utilize the friendly financing terms at a 4% int rt-- better than my recent bank loans by a good margin....I was going to use the full 5 year term, and fix it up slowly over time... get the good unit rented out for max value, and get other unit updated to do the same..... then work on the big ticket items throughout the course of the term...... but then I got to thinking..... interest rates aren't getting any lower.... with the market hot... the ARV and appraisals will likely be friendlier the faster I do it.... it seems a downturn is due well within that 5 year term.

Just a few items I picked up on.

How do you go about closing this deal other than the traditional way and what paperwork is needed.

I don't think I've used a traditional bank lender (with the exception of credit lines) for over 10 years, because it feels great creating a win-win for you and your investors, and getting to skip the mountain of paperwork banks require.Good luck!

3 Reasons this can't be replicated making extra payments on a traditional 30 Year Fixed:1.

It is common to have the FHA appraisal flag small items, peeling paint, correct, re-appraise, and purchase. 

I have done land contracts, traditional bank loans, hard money, etc...I always want to start with knowing the seller. 

But all of it has to be on the curb, so the tenant can retrieve items if they want them. 

I am coming up against traditional bank lenders that do not want to refinance my investment property because it’s titled in a Trust.

I'm in multi-family properties, I currently do traditional loans with 20% down but was wondering: Am I at risk if I start using the equity that I have in these properties if we go into a recession?