You'd have to get the seller on board with that though and presents additonal risks going that route with the lender and what not.Are you sure you have to live there though?

The better your nurture and follow-up game, you may be able to get higher conversions, but also, the higher your ad spend, the more non-qualified leads you get.

Use a DSCR lender.

Call your lender and explain what you want to do.

While this is limited to non judicial foreclosures, its still a concern.

We're a local lender and we have a bunch of newer investors who are also local.

Following David Green's Core 4 strategy (realtor, contractor, property manager, and lender) gives confidence to invest anywhere.

Through a traditional lender Lessons learned?

If you're simply seeking leverage for additional properties you can tap banks and hard money/private money lenders.

Open to loans but only if we net 10k a month after mortgage payments With 2 million dollars you could solely fund one of our ground up development deals at 15% down on a 50,000 sq ft building which we put about 70 units in on non recourse debt for land we already have locked up and entitled. don't buy and hold, don't listen to any of the 20 agents from columbus here who try to sell deals that are garbage. if buy and hold was the answer you'd see massive capital pools in columbus buying deals up. that was the model in 2014. all of the value creation is from ground up development partnerships. we can build with land cost below 65% of finished asset value on lease up and you can have no risk into the deal. the deal I'm talking about is a 12 story deal that we are working on. in columbus you can get downtown land for $400k that is about 0.22 acres right now with unlimited height and unlimited floor area ratios and build massive equity from joint partnerships.