I personally have closed on a handful of properties with owner carried financing and have negotiated terms for several million in private notes for clients.

This could limit your ability to refinance in the future to lower your payments.Rental Viability: Renting out a very new home (built in 2019) may not be ideal due to potential wear and tear concerns and the fact that it's less likely to need significant repairs or updates that tenants often expect.Local Market Considerations: Chicago's property market is known for high property taxes and historically slower appreciation compared to other markets.Financial Necessity: If you don't have a strong financial or personal reason to move, such as proximity to work, family, or lifestyle changes, it may not justify the hassle and costs of buying a new primary home.I am a loan officer so feel free to reach out to me directly if you have any other questions or would just like to discuss!

Our acquisitions person is walking properties and making offers, our project manager creates the product, my partner does dispo and I go get investors.

This home required a lot of work which I personally did.

This home required a lot of work which I personally did.

Use your personal card and reimburse yourself.

I like the idea of dealing with just one person and having them manage all the trades.

Hello!
I am interested in purchasing my first out of state (currently live in CA) investment property. My budget is a purchase price of $150,000. My main goal is some cash flow, and second to that is some potential f...

Thank you, it's good to hear from personal experience.

You can definitely use a DSCR product for purchase or refinance.I personally like the value add opportunity.