As an out of state investor, you turn key provider will be your primary boots on the ground so it's critical to work with someone that you can fully trust. 

Greetings all,I have been told by two lenders now that you can NOT use STR income from a primary residence to qualify for a loan.

Get to know them and say you are looking for a primary banking relationship as you reposition to commercial.

Call it 15% interest only, 2 points, no early payoff penalty (obviously you pay this off ASAP), on the 25% down, but what YOU get out of it is the other 75% at the Fannie Mae interest rate/fees, oh and you personally didn't have to wait to save up another down payment, you get to move on that deal TODAY...In terms of security for your friend, note that the lent money was secured by the investor's primary residence where his personal family and children live, the center of his life, not a mere rental property that they might be willing to walk away from if it doesn't work out.

My primary market is Philadelphia.

You may be able to use the brrr method and get your money back out of these 2 deals, and still cash flow a decent amount after adding an additional $171 to your primary mortgage payment. 

Son is primary on the loan (so his ssn listed on 1098 but it is a joint ownership mortgage.

I currently have only one property which is my primary residence but am on track to purchase my first rental in 2020!

Hi all,I am a licensed real estate agent putting an offer in on my primary residence.

With Private Money, you need to have your primary focus on protecting them and their investment.