If it's a primary residence the total loans of $400k (1st + 2nd) equals 80% CLTV (combined loan to value) of the purchase price.

@Carlos Ptriawan  Usually I'm attacked when I say thing like this, but well yes I'll try to explain from the big picture and mini picture here and kind of mixed bag PoV okay ;-) lol.in big picture, back to basicfirst of all , the relationship between the borrower and the lender ; are never equal.

Will your partner be upset because you are getting the better end of the deal living rent free(assuming you aren't paying rent).What if only your name is on the mortgage and deed, then the tax documents will all fall on you and your tax return and not his which makes it more complicated trying to shift income to him.If there are two people on the mortgage, it will impact both your DTI ratio's equally in full hurting both of your abilities to get credit in the future until the property is sold.Why can't you do the live in flip on your own?

We are sending a very clear message to those who seek federal funds that we intend to stand up for the cause of civil rights and expect them to do the same.John Trasvia, HUD Assistant Secretary for Fair Housing and Equal Opportunity (FHEO), added, Prohibiting this form of discrimination provides an essential protection for many Americans, including disabled veterans, seasonal workers, and persons that are using housing choice vouchers to maintain housing for themselves and their children.

And off market does not automatically equal a good deal.It can work, but it's a bad idea for a first time out of state investor.

Not all properties are create equal!

I can send you my construction agreements. he shouldn't build for nothing and you shouldn't fund the whole deal. there's got to be some equality.

(a 5.0% increase), from $Y per month to $Z per month, effective September 1, 2024.An additional $X deposit is also required to bring your security deposit equal to your new monthly rent.

You will most definitely need 25-35% down, high reserves, experience with 5+ MFH, and usually a net worth greater or equal to the loan amount.

Then what timeframe is the most vital to you, short term/mid term/long term?