That value, if owned for more than 6 months, can be used as the down payment for a loan.

Leverage FHA loans with their low down payments (around 3.5%) to invest in a multi-unit property like a duplex, triplex, or fourplex.

Assess your financial situation and consider financing options such as traditional loans, private lenders, or partnerships.

-new flooring throughout-removing the wallpaper and floating the walls -fresh paint throughout (cabinets and garage included)-new appliances -installing an electric stove-new cabinet and lighting fixtures-new shower, bathtub and sink fixtures What was the outcome?

It was rejected due to it being a conventional loan and the seller is looking for cash only offers (septic system needs to be replaced).

DSCR loans also won't report to your credit as a tradeline. 

Here are some common financing options:Traditional Mortgage: Obtain financing from banks with a down payment, paying off over time with interest.Hard Money Loans: Short-term loans with higher interest rates, often from private investors, suitable for quick acquisitions or credit-challenged investors.Private Money Lenders: Individuals or groups offering direct loans, with terms negotiated privately.Seller Financing: Buyers make payments directly to sellers over an agreed period, with terms negotiated between parties.Home Equity Line of Credit (HELOC): Borrow against existing property equity with a revolving credit line, typically offering flexibility.Real Estate Crowdfunding: Pool funds with other investors via online platforms for various real estate projects, offering diverse investment opportunities.1031 Exchange: Defer capital gains taxes by reinvesting sale proceeds into similar properties within a specific timeframe, useful for tax optimization.REITs (Real Estate Investment Trusts): Invest indirectly in real estate through publicly traded companies, offering liquidity and diversification.Joint Ventures/Partnerships: Collaborate with other investors to share resources and risks, leveraging each other's strengths for larger projects.Subject To Financing: Buy a property subject to the existing mortgage that's in place on the property (doesn't get paid off when the property sells).Assumable Mortgage: Buy a property and assume the mortgage that the seller already has in place.Lease Option: Rent a property with the option to buy it prior to a later date.Debt Service Credit Ratio (DSCR): A loan approved based on the income potential of the propertyThese options cater to different investor needs, preferences, and financial situations, providing flexibility in real estate investment strategies.Thanks,

Private Money Loan

A lender needs to know what problems their loan products solve and what they don't. 

I've spoken with a few mortgage lenders about FHA and conventional loans.