I am looking for a private lender to finance my rehab on an already owned, gutted property in a desirable neighborhood of the city (Upper Lawrenceville): demo complete, structural engineer sign-off, architect-approved design to move the stairs (which is not a small deal in Pittsburgh), and city permit.

The third-floor bonus room presents an excellent opportunity for a private office or playroom, adding versatility to this already remarkable home. - New roof- Gutter guards- New floors- New cabinets- Granite countertops- New stainless steel appliances- New tile in bathrooms- New light fixtures- New carpet in bedrooms- Fresh paint- Custom accent wall- Parking pad- New windows- New exterior paint- Updated light fixtures- Fans in the bedroom- First floor primary bedroom- First floor washer/dryer hook ups- Wrap around porch- Ample off street parking- Bonus room on 3rd floor What made you interested in investing in this type of deal?

This would be my first property and I'd like to pay cash and not stress about having an additional mortgage.

Open to suggestion and also curious to hear of anyone doing creative finance deals when there's an FHA mortgage in place.Here's my thoughts:- Offer him $1,000 to accept the agreement, which is about a $2,000-$3,000 swing from what he would make[lose] if he were to go to market.

If you buy as an owner occupy but do not occupy the property, this would constitute mortgage fraud and is not a path you want to go down.

She is totally risk averse as far as mortgages go and doesn’t understand why I want to spend my days with real estate but at least attempts to be positive about 90% of the time.

still recommend getting some 50% mortgage?

. $800 per 2 bed /1 bath unit. quick mortgage calculator puts zero% down monthly payment at $3500, plus then offset with $2400 puts you on the hook for $1100. 

Its going to vary for so on private lenders/Non-QM or DSCR from lender to lender and more than conventional which is more standard among lenders.https://www.mortgagenewsdaily.com/ is a good resource for generally daily/weekly moves in mortgage rates in generalhttps://www.google.com/finance/quote/FVX:INDEXCBOE?

However, how well a property cashflows or covers your mortgage greatly depends on the are and type of property you buy.