My out of state clients have completed successful flips here and the purchase price points are still very cheap.

I have 2 long term rentals both at 7.5% interest rates.1. estimated value: $950k, outstanding mortgage of $574k2. estimated value: $900k, outstanding mortgage of $514k#1 cash flows nicely for me at $2500/mo, but #2 leaves me at a $400 loss each month, mainly due to the interest rate.

In terms of the Des Moines market, finding a multifamily in the $100-$150K would be extremely tough.

Hi Ruth,For STR (Short-Term Rental), MTR (Mid-Term Rental), and second/vacation homes, DSCR Loans (Debt Service Coverage Ratio) are often the best option.

Investment Info:

Large multi-family (5+ units) buy & hold investment in Clarksville.

Purchase price: $330,000

Cash invested: $1

Sale price: $820,000

This was a zero down deal. I did pledge a...

The term you want to look up is non-bank lenders (not private lenders).

.:   That is my question.Some locations need a successfully completed course, other areas you must be a broker.I am just suggesting that this should be confirmed.

From my experience, starting with long-term rental properties is a smart move, especially for those looking to build wealth steadily over time.

How to find a mentorNot every successful person will make a good mentor.

Without knowing the specific terms of the purchase contract and exactly what point in the contract you’re at there’s no way to answer the question I’m guessing you may be asking.