Are you purchasing them as distressed homes and rehabbing to hold, or purchasing something turnkey.

Hi all, I want to purchase a duplex to start my travel hacking journey.  

Are you looking to combine both your first mortgage on a rental property you own with a purchase of a new rental property where you are assuming the note? 

I'm under contract to purchase an apartment building in Ohio.

So, does a 3rd party purchase the property and the buyer pays the 3rd party?

I am thinking about using hard money to fund my new build but once completed refinancing thru a traditional bank to get a longer loan and a more favorable rate. find. lender that does both. easy street we are talking to for several new build triplexes for clients in columbus. they go up to 85% LTC and then can refinance on a DSCR. they want to see you win and do way more transaction volume than smaller local or regional funds.

Take down some smaller opportunties on your own, build relationships and learn the business.

I know there's CAD programs and so forth but on smaller projects ($50-$60k in rehab) are REI people hiring interior designers? 

Hey Travis, It is much harder to obtain hard money financing when you already own the property rather than purchasing it.

Purchase price: $74,000 Cash invested: $30,000 Beautifully renovated 4-bedroom split-level home that features a new galley style kitchen with 42" soft close cabinets, stainless steel appliances, recessed lights, updated baths with modern vanities and fixtures, large living room that leads to separate dining room off kitchen, three spacious bedrooms on 2nd level with modern decor, large lower-level family room with ceramic tile flooring with well-placed laundry cove, and recently laid sod in front and rear of property.