Hello, I am looking at 2 properties, one 2 unit property that I have put in an offer of about 120k that can generate positive cashflow of $600 per month and another which is a 6 unit property where I have put in an offer of 350k that can generate $2000 cashflow.I have a bank ready to lend a mortgage at 7% for the 2 unit property.

I'm also thinking of tossing him 1% of my 3% commission as an agent (I have license) to put towards the down payment.

So I’m trying to decide if it would be better for me to use my money to pay down my current loan, knowing I’ll definitely not be able to fully pay it off by the time I move, or to put my money towards buying my first invest property.

They are also going to be honest and transparent in the process, even if that means putting you off to the marketplace as a whole.

Even if you can't get them to pay up, that may put them on notice that they need to get on the ball and handle these things correctly.

Qualifying for the lowest rate possible and putting a large down payment are a couple of ways to navigate the potential ratio issue and get closer to the number you need to make it work. 

Be prepared to demonstrate what you've learned and how hard you will work to put their advice to work.

You won’t be able to refinance if rates drop without putting the property back in your name.

Boost cash flow early on: Cost segregation allows you to increase your current cash flow because by reducing your current tax bill, you have more money that can be put to work.

@Lenita Higgs,Most of us try to pay in full at first, so when we do the BRRRR we can get all the equity out that we put in and then some if the numbers work out.