Just because you two have decided to skirt your financial responsibilities, doesn't mean that I will follow suit.

Also, if you have advice for someone like me who is looking to increase their deal flow and eventually gain financial independence/early retirement, send it my way.

How long should you hold on to a property before selling from a financial aspect?

Repeat this process and you could surely house hack your way to financial freedom!

We would suggest working with a local community bank that can understand your overall financial picture, and structure a line of credit based upon your available equity and your ability to re-pay.

Hi Emmanuel, Without knowing the specifics of your situation ( income and debts) the answer is it could and it couldn't. when buying a multi family home the down payment is 25% for a duplex 30% for 3-4 units. obviously if are buying a rental property, potential rental income will be factored in.  

Owner said has long term tenant on one side of 9 years , building has had  great rental history.  600*2=1200 monthly1200*12= 14400 yearly taxes/insurance =2800 yearlyrepairs/maintenance 10%= 1440vacancy 10%=1440 14400-2800-1440-1440=8720 NOI20% down on 99000 @ 4% interest 30 years =19980 mortgage payment roughly 382 a month /382*12= 4584(NOI )8720 - (debt service )4584= 4136 monthly cash flowcash flow 4136 / (money invested) 19980 =20% ROIAm i missing anything here ?

Our commercial loans are based upon the exposure of the real estate, the income stream being generated from the property, and the probability of the borrower being able to refinance into permanent debt.

Assuming you are not talking about an hoa foreclosure, in which all mtg.s and liens will remain......For bank foreclosure, property taxes and hoa debts will remain.  

In order to evaluate what is best for you financially you would need to have projections on what the potential business could earn vs what you could earn strictly renting it out.