They'll e able to underwrite the deal for you and give the LOI based on the property performance.

The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans...they have more rules...but if you have ever received a loan on your primary home, it's likely that you will go through the same type of paperwork here with conventional lending.

If you anticipate negative cash flow initially, consider how you plan to address this situation in the short and long term.Before making a decision, it's advisable to consult with a real estate professional, financial advisor, or accountant who can provide personalized guidance based on your specific financial situation and goals.

Based mainly on your location....it'll be a big deal for a lot of visitors!

Property Management: 10%I also use PITI based on actual insurance quotes and estimated property taxes on property value AFTER the sale.

Hey Petr, I'm based out of Columbus and looking to expand to Cincinnati and Cleveland as well.

The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans....but if you have ever received a loan on your primary home, it's likely that you will go through the same type of paperwork here with conventional lending.

Not sure if interesting but my buddy just launched a real-time leads list for off market properties based on publicly accessible data: tax delinquencies, probate, pre-foreclosures...etc.

If you’re in the real estate world in any capacity, especially if you’re interested in the same market areas (primarily Forsyth/Guilford county) then I’d love to connect and touch base! 

I haven't been investing long but I have about 990,000 in equity (estimated based on sales price of comps in the area).