Lot was free and clear and used as the collateral for the construction loan How did you add value to the deal?

We can usually get these done on a DSCR loan without an ltv restriction if they are non-warrantable due to the investment occupancy and nothing major related to HOA.

For the multi-family, I was thinking of using a conventional loan since Fannie Mae now has that 5% down for multi-family units.

Besides, you don't want to go out and buy a bunch of furniture or take out any sort of loan before closing.

Hey @Justin Brown I have a great househacking spreadhseet that captures the ROI and cashflow both for the short term and each year after until the loan is paid off.

Cashflow is often pennies on the dollar of loan paydown and long term appreciation. 

If you have good credit above 740 and have 25%-30% to put down it’s really not a difficult loan process. 8 Units typically will offer a 1.25% DSCR ratio which is required in most cases but the approval is going to be based on the rents.

Feel free to reach out anytime with loan related questions. 

Hello Fabio,I like the Austin TX and San Antonio since I do a lots of loans in that area of the USA.Something to not Texas has no state Tax but their property tax is higher than other states. 

my wife would assume the loan, and quit claim deed her mom off.