For competitive investment property, not being prepared to evaluate costs at initial showing, before making offer is really a waste of everyone’s time.

I am looking at a property here in FL that is listed as a single family for 470k but is functionally a triplex (3/2 house with a guest house in back that has 2 units, one is a 1/1 and the other is a studio, both units in guesthouse have kitchens).

Hello Community, I'm seeking advice on how to approach an investor in my hometown who's looking to sell a list of properties, some of which are near one I already own.

At that time, it was listed for almost $800k, more expensive than other comps.

Here is a list of reasons:1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.

* my initial credit is good because my mom put me on her card and she has extremely good credit

I have just started brokering relationships between my massive buyers list and lenders like yourself.

On that program it does require 'Full Doc" income so W2 or 1099 income would be required.DSCR also offers 30 Year Fixed, ARM programs for lower rates and Interest Only which can help with first few years initial cash flow.

These are just a few ways to begin making contacts and learning about the strategies available to you.Once you decide on a strategy, I'd recommend connecting with an investor-friendly lender who will give you an idea of how much you qualify to borrow for your first property.As you progress in this initial research phase, your goals and action plans will become clearer.All the best!

Listing Agent - If you are the listing agent, you don't get to see what the financing terms are for the buyer.