This was a traditional home purchase with conventional financing.

Hi All,
Looking to connect with some folks. Currently in the process now for my 1st investment property scheduled for May closing!

Could this property be financed into a traditional mortgage and pull my money out(even this route, the property would still cash flow positive)Any thoughts would be greatly appreciated. 

😂You already mentioned it a little above, but posting directly on Facebook, in addition to the traditional sites, is often more effective.

The issue is I cannot get a traditional loan due to the amount of rehab It will need to make it live able , and I don’t want a rehab lain because I want to do the bulk of the work myself .purchase price the seller has agreed on is 65k and my estimate it needs roughly 35k in Reno.

Hey Nicholas, I rent out all the rooms in my house and use a traditional lease the same as if I was renting the entire unit.

The idea behind it is you (the investor) would be content with an 8% cash-on-cash return and you would obtain traditional commercial financing.

Contemplating converting to traditional mortgage beforehand.

That is one reason we moved away from their payment platform and found our own.  

This platform is great but there are a LOT of innocuous questions that are asked that don't provide enough bite for those that can help you actually want to answer.