Some of these Akiyas go from anywhere between $10k-$80k. https://www.akiyabanks.com/ (Akiya banks are not banks, but are like a MLS) You can also take a loan out for them as well, but this is outside the scope of this post.

Without the ability to do work yourself, have labor at cost (if you are a contractor - for example), or have market appreciation help you in the renovation period, a full BRRRR or healthy margin flip for a new investor is really difficult.Thanks for sharing.

@Havan Surat Thanks for the interest in this loan product. 

When you refi from a hard money loan to a conventional loan do you still have to pay 20% down or do you just pay the closing costs for the refi?

Initially I have some different ideas on how you can structure the loan to be more beneficial and create more cashflow up front.

I was wondering if this was true/ if there is a lender that will accept Community second/DPA for the HomeStyle loan . 

I'm sure my cash flow could vary based on the loan I would receive since I could use a first time home buyer loan but lets assume that I use a 30 year fixed FHA mortgage at 7%. 

It is easy to underestimate the timeline.It is easy to underestimate loan costs.

Hello everyone,I have a client with a credit score below 620 which makes it tough to get a loan.

I’m a local contractor new to investing, I created a partnership with my wife’s father and we are about to close on our first multi family with a conventional owner occupied loan in my father in laws name.