However, if you do not have a conventional loan, it is not so simple. 

My plan is to use that for a 20% down payment on a conventional loan.

Purchase price: $195,000 Cash invested: $30,000 My first purchase was made using a conventional loan.

I am thinking that we do a convention loan of 3% down, renovate it, rent it out to a tenant, and refinance.

HI Everyone!!! Is BP Con 2021 still happening?
Thanks!

Both FHA and conventional financing will allow them to purchase a mf property up to 4 units and they specifically allow that one of the units must be primary residence but the rest can be investment.The 1031 must be used to purchase at least as much investment property as you sell. 

I an not super familiar with Seller Financing at all, but I know that it could be a great avenue if you can't get traditional conventional loans.

I would like to ask a tax question here since I am a noob and still searching for a cpa :( Scenario: - Buy a triplex of 1.5m price with 20% down conventional loand - Loan amount : 1,200,000- Owner occupy one unit, and rent out two other units.Questions:1.

3)  Do you have a W2 job as this could help with getting standard conventional loans?

Conventional financing (pulled cash out of a HELOC on another property for Cash to Close) How did you add value to the deal?