If they are financing the purchase with hard money loans, they would need to acquire the property at 70% to 75% of the ARV minus repair costs to maintain that profit margin.

For example, the max LTV on most DSCR loans is 80%, but if you are rural, you will likely be cut to 70% LTV or less (if the lender can do rural).

Once I have located such a property, I buy their property for below market, (instant equity) no bank qualifying, no credit checks, by offering to take over their loan and make their payments for them.

Hi All,I'm hearing that short sell deals are most of the time a bargain since you are getting the property as less than the current loan balance.

Have you looked into non conventional loans?

It is a 4 unit (3R/1C) it is a smaller loan of $275,000 total purchase price. 

The FHA loan limit is $621,000.

These were generally against Quality Loan Service, Fidelity and Ocwen.

@Liam Willderyes, you can generally refinance out of a DSCR loan and into a new loan. 

The following tactics may be effective in and around Philadelphia:House HackingFHA Loan for MultifamilyCreative FinancingConsider the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy.