After selling one of the lots for $55k, enough liquidity was freed up to partner with Fund-That-Flip (now, Upright) to finance this project.

Lumber Liquidators has good stuff for under a $1/SF and I install it myself, which is easy.

Here are some key points to consider:Accessibility: Residential properties are often more accessible to individual investors, especially those starting out with smaller capital.Tenant Stability: While turnover can occur, residential leases tend to have shorter terms, offering more flexibility if you want to adjust rents or change tenants.Market Liquidity: Generally, residential properties are easier to buy and sell due to higher demand from individual homebuyers and investors alike.Emotional Appeal: Homes and apartments can have a strong emotional appeal to buyers and renters, which can influence demand and pricing stability.Purchasing: Residential real estate will require a down payment of at least 10% of the purchase price. 

Again, competitive rates (much more so than HM or HELOC) and still have your money working in two places at once.We recommend #1 since we try to leave banks out of scenarios if they aren't absolutely needed but it is possible.Just some thoughts if you decide to liquidate a couple properties and happen upon some cash.Reach out if you have any questions.Best wishes!

immediately followed by: Do you have any liquidity?

Would the seller be interested in carrying a 6 or 12 month note for you for the remaining downpayment amount to buy some time to liquidate the condo?

Right now that is primarily education and finding deals.We don't have any liquid capital.

If you have more liquidity in your 401K or other investments that would satisfy that condition for reserves.

Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZ my mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?

While we have liquid to do a 5-15k downpayment, we'd like to use a minimal amount of our own money.Seller is not in need of a lump sum of cash, and has said they would be open to monthly payments as a financing option.