Also, I was informed by another lender that home prices go up as the community sells out.

I would like to resell it on a wrap and clear out the hard money debt with a DSCR loan1.

Turning to real estate, starting out with getting my real estate agent license and using that as foundation for investing!

Do a cash for keys deal and just try to get them out early… I’ve thought about offering that if they leave by the end of November (~60 days notice) that I’d give them November free + $500 in moving expenses and return of security deposit if left in good condition3.

A local bank in the area may be a great option or you can check out BiggerPockets investor-friendly lender finder https://www.biggerpockets.com/business/finder/lenders

Does it pencil out?   

How are we seeing this rule change play out in practice?

Hey Corey, I’d recommend starting with a turnkey cash flow rental.

THank you .Btw this is for flipping -not renting out 

Purchase price: $1,250,000 Cash invested: $62,500 I recently closed on this 4 unit property in Federal Hill Providence, RI.