The credit committee is usually made up of local people who are familiar with the market they are in.

I began investing in real estate in 2020 and it has been the best decision I have made. 

It would need a closet and the stacked laundry unit in it would need to be made accessible outside.

What made you interested in investing in this type of deal?

In his State of the Union speech (don’t worry not getting political here) last week, the President made 2 housing-related proposals: First, a $10,000 tax credit to middle-class, first-time homebuyers, given over two years.

If you don't have your paperwork in order going into the deal on the front end, you'll regret it later on if/when that time comes.

It just happened that im in the process of purchasing 2 properties this month. 1 is a rehab, that I plan on keeping for my self for a bit then selling.. the other is an invest property non owner occupied thats a 3 familyThe rehab I need to purchase out cash 105k and another 15k-20k to repairThe rental property I need to put 25% down and closing is around 70kSo I need 175k to purchase and another 30k to repair both properties I have 90k in liquid in a savings account,  230k in a 401k made up of the funds and stock and about 330k in my companies stock account..My plan was and not sure if this is the smartest way .. hence why I'm asking here!

If we really made this property shine, we might be able to get just north of $210,000.Current PITI: $1401.87HOA Fee: $236.00Total Mo: $1,637.87Estimated Rent: $1,800-$1,900Mo Cash Flow: $162.13 or $1,945.56/yrCoC Return of 194%.

Purchase price: $80,000 Cash invested: $16,000 3 bed 1.5 bath, Section-8 Rental Property What made you interested in investing in this type of deal?

Purchase price: $80,000 Cash invested: $16,000 3 bed 1.5 bath, Section-8 Rental Property What made you interested in investing in this type of deal?