Hey Anna, Unfortunately without any credit history here in the US, most DSCR lenders are capped at 70-75% of the initial purchase price.

The occupied units were rented for $1k/each and bought at a purchase price of $62 K/ each.

Purchase price: $490,000 Cash invested: $61,000 Sale price: $649,000 Nestled in the highly sought Silver Sands neighborhood of New Smyrna Beach, this 4-bedroom, 2-bathroom home offers the ultimate coastal living experience.

Some include 1) there are many more owner occupied home buyers than investor RE purchasers 2) adding small units in small counts is the most expensive development 3) it detracts something from the primary even if it is just yard.  

So if you claim a purchase, and they claim a sale - did the figures match?  

It can be used for house hacking by purchasing a multi-family property, allowing one to live in one unit and rent out the others.

I am purchasing a Motel to convert to studio apartments. it will have 13 studios and 1  3 bedroom unit.

Purchase price: $155,400 Cash invested: $40,000 Property is located in Cuyler-Brownsville an historic district within walking distance of popular Metropolitan District of Savannah GA.I purchased the property to get started in the real estate space, however I value the walkability of the property, its proximity to parks and nightlife.Although the area is a rated roughly as a “C class” neighborhood.

Also, you might actually re-rent it in 1 month, but you still get to keep the entire buy out purchase price. 

I started researching and investing in January 2024 and purchased my first investment property in March 2024.