That being said, these will also have the strictest underwrites, including credit, DTI, and asset requirements. 

These regions could present chances for investments with potential for growth in the future.Think about the characteristics of prospective renters in various communities.

I thought I was going to own a few dozen single family properties before moving on to multi but after 3 I bought a 14 unit and have never looked back going bigger and bigger on every deal. if im not mistaken everything is already baked into that 775k except closing costs. and construction should take 6months tops. land is included (1acre) but if i had my own land builder said they'd take 65k off the price so 710k. yeah im just thinking whats best way to move forward. my first deal doesnt need to be perfect just want to build a nice base to build from

The reality is, traditional forums and generic social media groups, like those on Facebook, have become increasingly cumbersome and less aligned with the rapid pace of today’s real estate market.Forums, while rich in information, often present challenges in navigation and timeliness.

I’m not a fan of including utilities as you encourage tenant waste and your property appears to be more expensive than the comps. 

The max qualifying DTI is 48.99% which includes your housing expense and all other debts on your credit report.

I'm happy to talk about the greater Phila market (including suburbs).

Most lenders...us included...treat the flip/rehab/bridge loan and the permanent financing such as a DSCR loan separate financing facilities.

cloa...Note should include a provision similar to the following:FOR VALUE RECEIVED, I, [Borrower name] (hereinafter known as “Borrower”), promise to pay to the order of [Trustee/trust, payment address] (hereinafter known as “Lender”) the sum of Fifty-Two Thousand and 00/100 Dollars ($52,000.00), with interest from the date hereof until paid at the rate of Six percent (6%) per annum on the unpaid balance, payable as follows: Commencing on April 1, 2024, and continuing on the 1st day of each and every month thereafter principal and interest payments of $577.31, with the entire remaining unpaid balance of principal and interest, if not sooner paid, being due and payable in full on or before March 1, 2034 (the "maturity date").Record a first priority security instrument (mortgage or deed of trust).

Cleveland presents a promising opportunity with its strong rental demand as a result of its lower housing prices.