Hi all,I am closing on my first deal 7/1/24, it's a duplex up-down 2b/1b units with a single garage.

They sent a request and did not even try to negotiate the rate? 

I’m looking to learn and grow and even shadow someone to get the ins and outs of real estate.

By this I mean that even though we are a small city, there are clear lines as to the right places to invest.

Not even bad for a conventional loan honestly, especially for DSCR.I would look into portfolio loans before jumping into DSCR. 

@Jeffery Cooper even if you asked today, plans can change, and that’s too far out to ask unless possibly the reason is you’re not renewing and want to give them extra time to find something else.

Even though I have no experience other than renting out and managing my first primary home, my interest in real estate pushes me to educate myself upon this topic.With a very high barrier to entry where I live in Northern Virginia, especially for first-time investors just starting out with small budgets, that is why I have been focusing on out-of-state investing in real estate and also have been reading a lot about the BRRRR strategy.

In fact I would suggest putting even less down on your properties in general.My question would be to make sure it didn’t take 50% down to cash flow.  

(Wall Street doesn't even come close to offering that deal!)

They can be used against you in court, even if you didn't do anything wrong.