Construction/Labor is cheap and its a growing state with respect to population, and lack of available housing.All this being said...I CANNOT find a good deal.

The rates for our loans for investors including DSCR loans, Fix-n-Flip Loans, and Ground-Up Spec Construction (as well as the rates for consumer Conventional, FHA, VA, and USDA rates) are driven by Treasury Rates as opposed to the Fed Funds rate, but there is a loose connection.

so it was an accidental flip.typically for your first few deals, you'd take out a hard money loan - and so you'd probably still need to (1) put 10-15% down, and then (2) make interest only payments during the rehab.  

., your lender instructions and loan docs should be clear on that.

Thanks all,Hi Matt, here are a couple of other options on a DSCR loan for a 30-year fixed.

I recently was on a call with a loan officer on this new shared appreciation loan program CA is offering.

My math has all been conservative and assuming no appreciation/increase in rent/loan paydown which makes CA rent/own ratio's look bad.

The investors I know that use the common approach of putting 20% down and using new loans from a bank are choosing to invest in Ohio, Indiana, Georgia and other less expensives states.However, folks from CA find using creative finance to invest in AZ are making big bucks.

I just purchased my first property with a 2nd home loan in Savannah Georgia that I am running as a short term rental.

If you paint the brick you will have to pay for the paint and the labor.