I am just simply borrow the definition and the benefit from NYC DOF as below:So, to calculate your taxable value, simply use the following: Taxable Value = (Assessed Value) - (Exemptions). 

This is usually too technical to mention to borrowers so typically I tell borrowers that the gross rental income from all units must be .90% of the sales price or higher in order for FHA to finance the 3-4 unit property. 

I knew I wasn't leaving China anytime soon, but seeing the US market continue to increase, my sister and I decided to go for it...stop talking and take action.6 months later, i'm happy to say we are 1 week away from closing on not one, but TWO triplex investment properties. 

Start saving, work on the weekends, and stop spending.

It's like a force of nature--can't stop the cycle.

I see 100's of flips from our borrowers across the USA and examine rehab budgets daily.   

BP People, what would you do if you wanted to get any loan or hard or private money lending but your credit score was 400 something and you weren't able to get anything to help get started in your real estate venture and wasnt able to build up your credit score because of lack of income, not able to land a job or borrow from friends and family, what would you do in this situation???

For example, Chase Bank will allow you to borrow against your investment account. 

You typically will need to come to the table with 25% of the projects costs and can borrow the other 75% from a hard money lender. 

You can borrow 75-80% LTV.