Hi Everyone,
I thought it would be helpful to share a couple of excel models that I use in assessing prospective real estate projects. These models capture the primary expenses associated with fix-and-flip and long t...

Not a cash flowing market anymore because we've appreciated so much and continue to do so!

Wanting to explore other options or find out other financial strategies for trying to build a detached home on our lot without having to refinance out of our 2.75 interest rate with a cash out or doing a HELOC.

I am getting ready to purchase my first rental property in Oklahoma City, OK and I’m looking at an home that is priced under $80,000.I plan to put 25% down to get the best rate.I’m from California and haven’t run into this before... but it seems like there are lending minimums and a conventional loan of $60,000 isn’t something I’m finding easily.I could likely get a hard money loan or get a HELOC on my primary residence and purchase the home with cash... but I don’t like these options because the interest rates are higher than a Conventional loan.Besides hard money or a HELOC, are there any suggestions on how to get this smaller loan at a reasonable rate?

And obviously, it rarely cash flows unless you can find property with an existing source of income that can be added to (a savvy strategy actually). 

My reasoning is because I simply do not qualify for a loan for any properties out here and units that are being sold off in smaller multi-family properties have ridiculous HOA rules that make it quite difficult to cash flow or just pencil out in general.

Depending on the cash required, I'd probably look for a partner to fund the downpayment and renos, and do an equity split.

But trust me, it's possible to make it happen even without a ton of cash or perfect credit.I’ve been in your shoes and managed to buy a number of properties without using my own credit or cash.

The problem is, the vast majority of the SFHs currently available, both on market and even off market, do not work when looking at the numbers if you want positive cash flow.   

I want to ask cash flow/rental investors is there a certain amount in rent that you wouldn’t rent under when sourcing for properties?