We have an incredible amount of homes around downtown Bloomington that are 100+ years old that have nearly all been turned into 2-4 unit buildings.

Many lenders have investment property experience requirements, meaning the borrower needs to document owning an investment property currently or previously..

Hey BP,I'm looking to connect with investors, GCs, Builders who have experience in new construction, ideally taking infill lots and building small multis.

I am thinking of asking the seller to have the building vacant. 

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Might be a good idea to check the building codes in your area and see if this is an item that has been set down in law.

I do find it hard to believe the seller’s expenses unless they’re backed up by some official documents but unfortunately I’ve read that I could only receive them after an offer has been made and accepted when I’m doing my due diligence.

The building generates an annual gross income of $120,000.

If you're flipping just remember to build a team you can trust and run your numbers for the worst case scenario.

Here’s a look at some of the most obvious pros and cons of subject to financing to give you an idea of whether or not it remains an option for your next acquisition:ProsCash Flow & Equity: Provided the right steps have been taken, the property can very easily award buyers with cash flow and the chance to build equity.