Andrew, if you are also looking for extra capital for a down payment and have some funds in your TSP, I just learned that you can take a loan out from both your Contributions AND Earnings (from either/both your Traditional and Roth). 

May or may not be worth it compared to the cost of fixing it yourself.If the answer is "no" then you should fix your wall.

Hi,My boyfriend and I are looking at buying an investment property in Big Bear Lake. He is  a veteran and wants to use his VA loan option, suggesting I could make payments to him for my poertion of the loan. I however...

If its 4 units or less the income approach which Cap rates are used not so relevant. residential units are appraised by per unit precises and CMA of comparable sales. 

yea essentially that is whats going to happen...but term sheets are more deal specific.They will basically provide you with a pre-approval letter based up to a certain amount...just like a traditional home loan.  

I would rather go with traditional financing for my first deal..Good Luck with house shopping!

These include loan payments, tax, insurance, utilities, etc ... incurred during the Rehab phase up until the property is fully rented.Jim you will find Cash Flow amounts are usually lower using the BRRRR strategy compared with normal Buy and Hold deals.  

for A traditional sale in this market will move just as fast & help the seller retain that equity in the sale. 

I am now in a contract position as 1099 and have the option to fund my own Solo 401k up to 55k, which is amazingly awesome compared to most employers just providing the individual limit. 

Decide if your lifestyle allows you fulfill the responsibilities of landlord, and then compare the ROI of keeping the condo vs. a different investment vehicle.Good Luck!