With pretty much every lender I've used they charge a draw fee whenever I pull a construction draw to pay out a contractor.

Then I pay taxes on the home, and assessments, etc. 

The alternative is moving to somewhere cheaper or find a higher paying job.

What steps do you need to take and are you willing to take a short term pay cut to make it happen?

I house hack, because I need a place to live myself, and hey I have my tenants pay for my mortgage, so it's a win-win.

(It is overpriced and the Seller mistakenly believes an owner occupant will be willing to pay a premium price for it).

Aside from that, you'll need to pay management fees each month which cuts into your profit.

Hello folks in Lending forum,looking to try and see about potential lending partners who can write large checks (7 figures) and are looking for very high yield (much higher vs private lending rates) and higher than HML rates.only need lending for 4-6months until large line of credit gets granted and we pay off the short term note.ping me if worth a conversation or have ideas...this seems perfect for a family office just wanting to place dry powder for 4-6mos while they are looking for other deal flow but trying see about other options out there as well.thanks in advance.

If I purchase the investment property in my retirement account, I can't do the work myself - I have to hire out and pay contractors through the retirement vehicle.

Why not purchase several because each property can pay for itself and I am seeing all of these lenders flooding my Facebook now that I have googled some loan options- and so many offer 100% financing... what am I missing here?