Essentially if you are doing more work in the deal then they should be putting more down cash-wise than what you are putting down.

That way your cash flowing the other unit while you live in the other unit.

@Becca F. you and I both have been around long enough to know that the deal that gets touted at closing is far different than end of year actuals.

I am trying to cash out refi a property and have narrowed my lenders down to 2.

Hi Everyone, looking to connect with folks who run STRs in the Hamptons (Long Island New York).I have a couple and would love to chat!

In 3 years you will be paying cash for a house.

Traditionally, I've adhered to the 20% or higher down payment rule to secure better mortgage terms and avoid Private Mortgage Insurance (PMI).

We scrape rental data, underwrite the entire market all at once, assign a renovation level, and rank them on their cash flow potential.

You can place the home into an LLC that is controlled by both of you after closing for most lenders and come up with terms and an operating agreement post closing. 

The hardest thing in 2024 is finding cashflow though, most of the nice areas have very low COC if you can even find positive but its always better to start then never get your foot in the doorIn Minneapolis there’s opportunity for cash flow and in Fargo where we lived for 13 years there’s cash flow.