My budget for this year in cash is $100k that can be used towards downpayment, closing costs, fix small things, property management fees, lender fees etc and rest will be looking for conventional financing as of now.New constructions offer better interest rates, minimal maintenance costs for 2-3 years, and potential for self-management due to higher rents.

Purchased the property in 2021 on an awesome owner finance note with the intention of starting the build quickly thereafter.We had, what I thought was, a great quote in hand to throw up a pole barn and start our journey towards financial freedom with a grand slam of an investment.

Hi Jade,Id start by absorbing as much info as you can and getting your finances in order.If you plan to invest in Philly and/or want to talk with localshttps://www.facebook.com/groups/PhillyLandlords/permalink/

I assume that I can finance 75% , then put down 25%.

If your STR income doesn't cut it for DTI, look into alternative financing like portfolio or hard money loans.

I personally don't like pay too much attention to ProForma as I can't predict the future so I usually just like to know if cash flow is good AND more importantly if I'm financing, if the DSCR (debt service coverage ratio) is high enough to safely qualify for financing (usually above 1.2). 

How did you finance this deal?

How did you finance this deal?

How did you finance this deal?

How did you finance this deal?