The inspections alone cost me $1,300, but that upfront investment saved me tens of thousands of dollars and spared me countless headaches.In short, buying older homes requires more diligence and negotiation, but when done right, it can be incredibly rewarding.

They come with strings and fees so whether they are worth it depends upon whether you can live with the strings and have enough gain scale to justify the fees.I was looking at Delaware Statutory Trusts for similar reasons and opted not to go with them as most I've seen are incredibly inefficient due to massive internal fees which grind into dust much of the tax savings, so what would be the point. 

But there are options out there.Finally, rate will largely depend on credit score, LTV, DSCR score, AND most importantly PPP.

He owns an incredible amount of real estate and is not worried about making a bunch of money on this.

Hard Money Loans: These are short-term loans from private lenders based on the property's value rather than your credit score.

I do background checks on my tenants and only rent to people with 3x the income and credit scores over 700.

Quote from @Brandon Croucier: Ive seen credit as low as 450, high as 830.Both of these are the 99th percentile though. thank you for some reason I thought 800 was highest.. its always confusing to me how they come up with those scores.. 

👋My name is Cecily Lachapelle, and I’m thrilled to introduce my husband, John, and myself to this incredible group.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

Banks often have very rigid requirements, such as high credit scores and a detailed financial history as well as lots of paperwork.Private Money Lenders: Faster and more flexible.