You will also have more lenient DSCR requirements and it will be easier to cash flow quicker.And with Sec8, you see usually higher and stabilized rents than you might otherwise.

The basics can be summed up as follows: borrow max available secured by the acquisitions fixed assets; sell the acquisitions receivables to a factor; mortgage any real property the acquisition owns; sell preferred stock and bonds in the acquisition vehicle to family, friends and associates; and obtain seller financing for the balance plus working capital from the seller.  

If they put up half of the required cash to do the deal it would be a different conversation where their profit at the end would be justifiably higher. 

Hi folks, we are looking at potentially retrofitting an existing SFR with sprinklers in Seattle (city code might require for a new backyard build).

Goal is to move mid-late 2024  Purchase June 2022: $510,500Down Payment: $102,100Interest rate: 4.875%Mortgage balance: $397,959Monthly mortgage, tax, insurance:$2,465Estimated rent $3,000 The home has an estimated sell price of $550,000 today and the area will continue to appreciate well.Home is in good shape.

There really isn't much in real estate *investing* that doesn't require much starting capital.

The low risk requirement eliminated lots of investment types like trading crypto, venture capital, ultra high leverage real estate deals - except for maybe a very small percentage of my investable assets.Since I’ve already accomplished tax minimization by managing to hold the majority of my assets in a retirement plan and paid the taxes to turn that plan into a Roth, number 4 is not a concern.I do invest for current income as second place to wealth preservation, and increase wealth as third place.

Tenant will get what is legally required and not a cent more. 

Your closing costs usually include Title insurance, possibly lenders title insurance if your HML requires it, you'll pay their points/origination fee, prorated interest for the month possibly appraisal fees or other fees your specific HML require and sometimes the appraisal is paid out of pocket ahead of time. 

Hi Richard - Sounds like DSCR is the way to go with no DTI requirments.