Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

Personally I have not had much luck with seller financing when there are agents involved - most don’t understand it and think it just makes the deal more complicated.Did you check with your bank to see if they will mind you having a second loan on the property?

My name is Jared Smith and I have been involved in various real estate investments since 2006 when we did our first flip in the PNW all on a CC!

It’s exciting to hear you’re diving into real estate investing and involving your daughter in the process — house hacking a small multifamily is a great way to start.

Its a tough subject because logically, they are joint and several guarantys so rationally a 100% guaranty from each of two people (one 740 one 680 for example) is ALWAYS going to be better than just one 100% guaranty from someone at 740 (so it wouldn't make sense to have a better rate for the latter)The problem is that there is fraud and "straw borrowers" out there where someone who is not involved in the property signs on to boost score and terms - so many DSCR Lenders in response either do the "non-rational" thing and price to the lower to avoid the fraud or use the higher of the two (and either be a little loose with things or just stay vigilant on any funny business)

In Mexico, that won't happen; you'll be shot if you get involved in the drug business, which most people won't do.

Recommend:1) Letting the tenant know they need to buy traps and use them.2) Waiting until S8 gets involved.

My background involves social work & non-profit management before getting into real estate.

Also, multi-unit sales involve more legal and financial nuances than single family homes so it will be in your best interests to work with an agent.

I am a sucker for houses with character/old houses, so I had my eye on it;) How did you find this deal and how did you negotiate it?