Also  beware that  paying a large loan fee  may affect the lenders  ability to do the loan.I got cashGeoffrey -  awesome ...having  cash makes  negotiating way easier ...fyi -  in the  future - if you need to get a loan in the  name of your LLC as compared to a loan in your own names - the terms on the financing will be higher . 

Otherwise a typical DSCR loan based on market long term rents should be sufficient to qualify? 

But you can also re-sign them to your lease too-I try to resign the tenant to my lease on my terms.

Im trying to attempt a short sale, but goodleap won’t accept a 6k settlement.

Hosting a meet up/virtual meet up on June 18th focusing on using virtual assistants to help with management of multiple short term and long term rentals. 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $585,000

Cash invested: $300,000

10 bedrooms and 7 Bath, 1947 built. Purchased and fully rehab entire house under 6...

I’ve seen a few adds for commercial property loans with a 30 year term for properties with 5-9 units. 

The better location house is something that could be used as a short term rental too and or we have considered just keeping it for ourselves at a later date.  

I'm a firm believer that if you want success, you have to go out and get it, and the only real way I see having success with wholesaling nowadays is to get out their and meet property seller's face-to-face.

Thanks"Reaching out from Sinistar, we’re a home-sharing platform dedicated to connecting property owners like you with displaced policyholders in need of mid to long term temporary housing.