Funnily enough I had another client with the same name that invested in NYC for the first time late last year.

I don't have as many tips for solutions mid rehab, but I do know that most, if not all, of the very active investors that I know have established relationships with 2 or 3 lenders that specialize in programs that match their strategy and have an agent or two in the investors target market to help them find more deals without having to put much work into finding them.

Two months is too long to find a tenant (normally). 

is there to lend a hand.Build a strong portfolio: My long-term vision is to own multiple mid to large multifamily buildings.

So in your scenario, if the place you were selling was 1M, but the loan was at 700k, here, many local banks would do a 200k second leaving buyer to only need to cover the last 100k. 

A good contractor that has established themselves in Detroit and a realtor/broker that runs all over Detroit checking out properties I find on and off markets.

I mostly look at it as a long term play, but that somewhat depends upon the location in Nicaragua. 

Are you:- Buying: Taking advantage of the demand and potential for long-term appreciation?

So as long as you know you have 25 to 30% of the proposed deal in cash.. thats one.two do you have experience.. these are tough to get for first time borrower. ??

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Ruby.

Purchase price: $575,000

Cash invested: $60,000

2 unit investment that has a 3 bedroom and a 2 bedroom. Great yard a...