Click the bar at the top where it says services, and then click Short term rentals. 

Any transaction where the rehab exceeds the purchase price is a red flag for the lender, when you add rural, extraordinarily small size, and combine it with a very small loan amount you create a tough situation.

An ABNB I stayed in last winter was bought the previous year for $525k, that buyer then put it on the market for $525 less than a year after their purchase--today that asking price was reduced to $450!!!

Great place to live -- not so much when there is little to no leverage to purchase my own home, burn rate goes very quickly, or perhaps I don't know enough.I follow Brandon Turner, BiggerPockets, Grant Cardone and have attended both his Real Estate and Sales & Marketing talks.I would like to get into real estate to one day either purchase or build my own Home Recording Studio.

Purchase price: $580,000 Cash invested: $75,000 Townhome in the highly desierd Rosemont area.

I am looking to purchase a small multifamily for my first house hack in RVA early 2025. 

Why not just purchase it yourself?

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.