Investment Info:

Single-family residence fix & flip investment in San Antonio.

Purchase price: $110,000

Cash invested: $192,000

Sale price: $299,500

Fix and Flip. Sold

What made you ...

She opened her doors pre-pandemic, survived, and is growing both in the brick-and-mortar and online space; she manufactures all her beauty products in-house, and just launched her first marketing campaign this month.She has met with a commercial lender who has pre-qualified her for a 75% LTV loan — but she doesn’t have the $35k for the rest — it would wipe out her operating/cash account.

You’ve answered my question beautifully. 

I rent out a beautiful luxury apartment in a co-op for 2,250 per month.

This one looks beautiful!

Purchase price: $34,999 Cash invested: $10,000 Did a delayed BRRR on this beauty!

Here is the Fannie Mae guideline on mixed use properties:Mixed-Use PropertiesFannie Mae purchases or securitizes mortgages that are secured by properties that have a business use in addition to their residential use, such as a property with space set aside for a day care facility, a beauty or barber shop, or a doctor’s office.The following special eligibility criteria must be met:The property must be a one-unit dwelling that the borrower occupies as a principal residence.The borrower must be both the owner and the operator of the business.The property must be primarily residential in nature.The dwelling may not be modified in a manner that has an adverse impact on its marketability as a residential property.

Sounds like it worked beautifully.  

Go on Etsy to find beautiful and very inexpensive templates already created for you where you plug and chug that information for your guests and it’ll look very professional.