I have a deal all signed to buy a home sub2 in Pueblo Colorado, but I realized the mortgage is a FHA loan.

Interest Rate: 4.25%Years Left on Loan: 26Estimated Monthly Rent: $1,750Annual HOA Expense: $2,268Annual Taxes: $1,746Annual Insurance: $1,674My concern with the numbers above is depending on capital expenditure projects and vacancy, we may not be able to cashflow.

I wonder if this is simply another one of your out-of-the-box strategies to prevent legal and financial claims against yourself.For any remaining investors associated with Justin, please do not hesitate to contact me directly if you have any questions about this situation

Hi Dolev - have you looked into a DSCR loan?

I'm wanting to put 20% down and have a 1st position 30 year amortized mortgage with a 2nd position loan (a private loan from a family member) to finance the property.

This house has an FHA loan that I can take over and all in it'll be 2k/month. however, the amount left on loan is 310,000 at a 2.75% rate. so, if I did 590,000-310,000 I would have to come up with 280,000.

Hi John, could definitely be an issue as for DSCR loans the appraisal income is typically the number used for qualifying.

I'm particularly interested in whether now might be a good time to explore short-term rentals or if I should consider using a bridge loan against my properties for something like a BRRRR strategy, minus the rehab.

More so the lender I used had a $995 payment due to even get the loan going.

Make sure to do a FHA 203k loan so you can finance most of the renovation and save some money for anything that may come up, and furniture.