Next, I'll be pivoting into subsidized housing investment and collecting rent $ from the government as i truly do believe this is a way to boost CoC return percentages in today's market.

Quote from @German Sorensen: Feeling the Itch Again: Advice for Getting Back into Real Estate?

Local investors and agents will also have helpful recommendations—they are two of the best sources for finding a reputable local inspector.

If you have a relationship with the seller, if the property is fairly priced, if the seller is motivated, and you identify it as a deal, then you can send an LOI after the first call.

I am a broker looking for a lender to do this type of loan.

How does one take the owner finance situation to a bank and turn it into a 30 year loan to hold without an additional down payment of 20 percent ?

We are looking to close on a property towards the end of this year or at the start of 2025.

Purchase price: $925,000 Cash invested: $200,000 13 Unit Multifamily property in the Waveland neighborhood of Des Moines, Iowa.

These days, I'm only doing 1-yr prepay DSCR loans anyway because I expect rates to go down to where I'd want to refinance within 2 years.The other thing I did was beef up the monthly rent so that I could better qualify for the DSCR loan (but you need to use a lender that uses actual rents instead of market rents). 

As of today, the current average interest rate for a 30-year fixed mortgage in the US is 6.91%.DSCR mortgage rates are typically anywhere between 1% and 2% higher than conventional loans.Please feel free to reach out directly with any questions or concerns.