what were some of the factors that led you to the Cleveland market?

There’s many factors that I see causing issues with people trying to move right now, so I think there is some validity to your tenants story.

Again here, the deciding factor seems to have been that the home, the essence of the residence, was never demolished/removed, retaining the nature of the sale proceeds as being from the sale of a principal residence.

Hello all ,My wife and I are in the process of making a plan to invest in our 3rd property , we have our primary which we just bought with a conventional loan a couple weeks ago and we have our rental property which we put a tenant in just a few weeks ago also.We plan on using a equity loan from our rental to use as a down payment on #3 , my wife has brought up a solid point as how will the banks loan us a investment loan with debt to income ratio being a factor as if they will or won’t loan us the money.I would like to receive feedback as how others have done it and what strategies they’ve done.

Even most of the wholesale deals we see now are sitting between 85-90% ARV once you factor in obvious repairs. 

Again here, the deciding factor seems to have been that the home, the essence of the residence, was never demolished/removed, retaining the nature of the sale proceeds as being from the sale of a principal residence.Also in Hale v.

Of course, 3.5% ROI factors in zero appreciation and over the next 5-7 years, I'm hoping for a yearly appreciation of 4% and I hope that's realistic.  

Here are some of the major factors to take into account when making this decision.

In order to accomplish that, we have a blended portfolio of an Oakland duplex that appreciates but doesn't cashflow, a SFH that appreciates (and wouldn't cashflow if we moved), and a low-income apartment complex in South Chicago that cashflows (15-25% cash on cash return if you do or don't factor in the debt service being paid down) that is unlikely to appreciate more than 1% YOY.

These factors make business purpose rental lenders the Ideal choice for someone practicing BRRRR and looking to build and expand their portfolio.