Purchasing a non-performing note can provide above average returns in a relatively short period of time, therefore providing the capital to purchase more non-performing notes and "churning" the funds.

Hi, I'm wondering with the market like is right now, high interest rate and just having $30k cash and having a regular mortgage.

He also said insurance and taxes can be too high eating DSCR loan with current rate and I will make less money than Ohio and Kentucky state (example).

I have attorneys who only charge $500-$650 for handling seller's side, but once you add in the state and local transfer tax, transportation fund fee, prorated real estate taxes, stormwater, courier, etc., it adds up. 

Anything above 10+ units is generally a minimum of 30-35% down but the rates at present are prohibitive.

Has anyone actually pulled this type of VA funding off?

We tried offering seller financing, money toward buying down someones rate, etc.

Seller finance deals work when one of the following situations is present1- property can’t be financed with institutional financing usually because property is vacant (commercial property) or in bad condition2- seller will only accept an above market price for the property and by offering seller financing opens the universe of potential buyers to include people who wouldn’t qualify for financing3- seller is able to obtain a “piece of the action” from a buyer rehabbing the property and hence ultimately obtain a higher price.4- the seller has an existing low interest rate mortgage and wants to “wrap” the existing mortgage into a seller financed higher rate mortgage and pocket the differential 5- property is an investment property, seller has a low basis in the property because of depreciation, and wants to spread out the taxes due.Are you thinking of trying to purchase with 100% seller financing, or are you able to /willing to offer a down payment of say 10-20% .  

I heard using my own name is easier to get approved for loan and having lower rate.

We would use the additional units to bring in the funds to pay the mortgage plus expenses.