Comments were pretty funny from someone who opposed my triplex-  she lives next door in a 4 plex and thought my building was too much- classic NIMBY

Greetings fellas,I just got off the phone with GeoStellar, and it appears that owner occupiers of small residential multi-family investment properties cannot easily get an in-house financing (as opposed to traditional single family homes).If you have recommendations for local/large banks or independent lenders that can assist in providing financing for properties which electric utilities are solar powered, I'm all ears.Thanks in advance

We decided to see if offering the two smaller apartments might work out better than the whole house.I'd prefer to ONLY offer the whole house as opposed to the apartments: less work, less chance of complaints between the two groups (noise, parking), etc.

If you're willing to consider the items on the tenant's "want" list as well, (as opposed to "need" list), you are listening to what's important to them and learning how to serve your customer better .

It sucks that I waste a week but I am glad this was a small lesson learned early on as opposed to three weeks and thousands of $$ in. 

The benefit of this that you can pile on all sources of income into your AIO to greatly amortize or reduce your home loan balance quickly and have it accessible again for an upcoming opportunity or RE deal opportunity- Cap on the AIO at 6% above start so if start which is around 4.40-4.98% right now then your cap is 10.44 to 10.98% which is a lot lower than HELOC's which have a cap of 18% typically- interest only for 10 years and Principal and interest years 11-30 (interest is calculated the same way as 1-10 years but principal is simple flat rate of "balance," / 240 remaining months = monthly principal)- you can draw all 30 years from the AIO / line of credit as opposed to only years 1-10 with most HELOC's- most HELOC's limit you at 150-500k depending, AIO can go to 2.5M-  can wire and transfer from AIO with fee similar to other checking accounts from its sweep/checking account features and can access large amounts for free via ACH per week so funds can flow freely from and to the AIO-The AIO works best for financially disciplined folks who bring in net net at the end of the month or week more than what they spend (high income earners) since for it to work effectively you'll probably want to be making atleast $1.50 income as compared to $1.00 going out each week/month.I pretty much explained everything above on how the product works, but if anyone has any questions on how to utilize the product from a real estate investor POV let me know.Those that do BRRRR probably can see the value right away as I did.

Ideally, we'd be cash flowing, but since we're now paying down the principal about $10K/year (actually our renters are) - it seems like we should keep doing what we're doing (as opposed to selling the property) - and just let our renters keep paying down our mortgage.I've thought about refinancing the property, but now that it's not our primary residence we wouldn't get as low an interest rate.

I mean how many time have you seen a nice girl with a biker BF  as opposed to the other way around. 

The real question is how long must you hold a property before a lender will lend off the full appraised value as opposed to the price you paid for it.  

Did he mean to say that they don't do long term lease as opposed to month to month?