Look online to see if any properties are being offered for sale or rent with a legal basement unit and you may get a tip off.

@Kyle Souza A couple quick and fast tips on qualifying for multifamily loans are having enough experience in the eye's of the lender, a 1.3X DSCR (using lender underwriting..not broker's underwriting), and a net worth equal to or greater than your loan size.

here is the situation. i left a really good paying job to take care of my 81 year old parents because my dad is chronically ill and my mom is almost there. i wont go into too much detail, but my sis doesnt help them. ill leave it at that. we have a person who comes twice a week to help with cleaning and other household tasks. i carry the bulk of the weight cooking their meals, running errands, grocery shopping, picking up meds, and taking them to dr appointments. its a full time job. i get a small salary of $1000 a month from a care giver sub contractor for the VA. ive been paying my bills with what savings ive had, but only have a few months of funds left. i own a duplex. i have over 200k in equity. i live in texas and texas has weird laws about refi and heloc/heloans when the property is 4 units or less and owner occupied. i would rather not sell, but if thats my only option i will have to at some point.does anyone have any advice or possibly be able to point me to lenders who might be able to work with my situation?

Feel free to reach out for any financing guidance or tips.

Thank you and great tips!

Any tips or advice would be greatly appreciated!

Hey everyone! 
I am new to real estate and I would love to hear your favorite strategies for finding distressed properties. Do you mainly rely on driving for dollars, online platforms, or networking with other invest...

Do you have any templates or tips I could possibly use to help me get started ?

Any insight into what’s commonly accepted would be great.Thanks in advance for any tips or experiences you can share.

Regarding Chicago, the 2024 property tax re-assessment in Cook County should cause some inventory to hit the market, specifically on the mixed-use and multi-family side of things which will be hit especially hard.