Would make sense if you can set it up properly - use efficient & effective management and make it more interesting / exciting / instagram-able then the competition.

Hi Tim, I think the post was misleading, I wasn’t asking for any type of lending as I invest cash with no mortgages.

I'm looking to get a loan for my first non-owner occupied rental property but my current lender is telling me my debt to income ratio is too high due to my student loans and mortgage.

While still technically in slight seller’s market territory, inventory is well above extreme lows seen in recent years when inventory fell below 1 month for a sustained period.Here are the full stats for Austin and the greater metro:A 30-year fixed mortgage is sitting around 7.3% interest, which is the highest it has been in 2024 thus far:In addition to interest rates increasing the cost of real estate ownership, buyers are facing increased insurance premiums, maintenance costs, and rising property taxes.

It will probably not positively cash flow while you are living in it (unless you make some changes that I will get to in a sec) but it would still be a win because you would be paying down a mortgage rather than renting and I imagine your monthly housing cost might end up lower, AND you will now benefit from appreciation.

In the event of an insured loss, minor issues will generally be disbursed to the borrower, major losses can end up going to the first mortgage lender leaving the borrower with a property and a second note holder with a damaged property as collateral.

We've done exactly this with my middle son, and three of his friends...find their first house that has rental space that they can leverage to offset most if not all of their mortgage.

Purchase price: $271,751 Cash invested: $30,000 Purchased subject to the existing mortgage What made you interested in investing in this type of deal?

You will not manage it properly.

As a previous poster stated, proper vetting prevents a lot of this.....sometimes you can get away with only putting 25 or 33% down, but 50% is not unusual.