They were making mortgage payments on behalf of your IRA, they could request latest statement, they could request payoff amount, etc.

Generally, the rate might be higher on DSCR Multifamily but counteracted with a superior 30-year fixed rate (fully amortizing or even IO for 10 years) which can actually have a bigger effect on monthly payment and takes away any balloon or floating rate risk.https://www.biggerpockets.com/blog/multifamily-dscr-loans

They’re on a m2m agreement, previous owner didn’t have an issue with them or any late or missed payments ?

Hi community,I have some 0% credit cards.Does anyone here have any experience With liquidating them for down payments?

We are also helping a client do a construction loan for a $750k purchase plus $400k for renovations and adu with 5% down payment. 

Their plan last payment is scheduled for Nov 2024.

As many investors know, lenders typically require more down payment 15-25% and to utilize Debt Service Coverage Ratio or DSCR loans would not allow vacation rental projections or income to be utilized for qualifying purposes.

That would go based on the income of the property and your down payment/cash reserves rather than your current income.

Carlos had a couple of good ideas for down payments.

If you wanted to invest through an LLC it would require you to purchase it as an investment property from 15%-25% down payment.