I can advise on the financing part in terms on how to structure your loan and making sure you have an exit strategy that will allow you to continue to purchase your next investment and continue to rinse and repeat.

Would I have to have financing prior to offering?

How did you finance this deal?

I first lived there for a year, then the opportunity came up, for me to sell it.How did you finance this deal?

It will not add $500k of value and will have huge negative cash flow if financed at high LTV.  

There are more opportunities for seller-financed deals in the larger unit counts because many of those owners/operators acquired the property that way themselves.

If you want more creative and customized financing alternatives then call Scott Miller, Ellis Creek Capital, at 407-758-1947.Let me know if you are also interested in a property manager as my PM is world class who has been vetted & approved by all of the big lenders, including Freddie Mac and Goldman Sachs.Best of luck!

.- Property receives one set of taxes- Both houses are approximately the same sq ft. (1300)- Two single-family homes, not attached (two different addresses)- Property size 0.45 Acres- Township won't allow subdivision unless each house sits on 0.5 acre lots- Will reside in one house upon purchase, and will rent out the second house- One house currently rented out for $1,400 a month with a one-year lease- Purchase price $260,000Looking for ideas or best ways to finance this type of property!

I know a lot of people are much smarter than me when it comes to financing deals, and I am asking you to give me some real options of how to grow my portfolio while still leveraging my cash, and not getting eaten alive by lending costs. 

Hey Dallas,I have a number of clients out in the Carolinas and would love to help you secure financing for future deals as you really get going, especially going into the spring.