They were current on their mortgage payments, they had a lot of equity and their house needed no repairs.

Hello BP community,I am putting together a proposal for a rental property investment for a foreign national with 2 proposed financing options:30% down payment, the remaining balance financed or Cash purchase.Per my market research in this area, the projected gross income will be72K.

For instance, if the market rents on a subject property show as $1250.00 and you were paying $1500.00 with a $250.00 per month rent credit, then that will work and you get all the credits as down payment and possibly closing costs?

What you need to take into account is your cash on cash return. 3.5% down payment on 300k purchase price Closing costsRehab moneyMonthly mortgage -rental incomeRefinance costsPlus if you refinance in like 3-5 years the market may be down and you wouldn’t be able to refinance and pull out the $50,000 to pay off your second.

This person would be the primary one paying the mortgage and managing the property.Different Mortgage Loan scenariosApplying for loan soloApplicant 1 aloneThis applicant's credit is good enough that they would undoubtedly qualify for the best rates, but since they do not have a lot of cash on hand for a down payment they would need to either cash out some stocks or get a gift from Applicant 2.My understanding is that either option would lead to tax consequences.

Or, you may take advantage of the owner occupied FHA loans that have a low down payment. 4-plex's are eligible.

There are many scenarios why not ask your lender broker for down payment gift assistance.

With hard money im looking to having to put 20% down payment with a 10-11% rates and 2-3 points 

Here are the details:Asking Price: $181,000Our offer: $170,000Estimated Repairs: $30,000ARV: 275,000We have enough cash for the down payment but not enough for the entire home or the renovations. 

And adding a second unit helps with overall mortgage payments.