Since you mentioned construction loan, are you looking to build a home or is there a pre-existing one already built?

If doing this on a rental property the increase in mortgage might make me negative cash flow due to the rental income not covering the mortgage.... so how can you build wealth or make a profit by using this method of buying houses with equity on your existing properties?

hey i am under contract on my first investment property, currently a 4/2 & 2/1 4600sqft duplex with a pretty easy conversion to 2/1, 2/1, 2/1 triplex.my wife and i are going to live in the bigger half and rent the smaller unit to take a chunk out of the mortgage.a family friend is fronting us the cash for the sale so we can close before the holidays, but i am taking out a mortgage to pay them back and using my existing HELOC for the down payment. i paid $120k cash for my house in VT in 2015, and in covid crazy times it was appraised at $180k for the HELOC. we are keeping the VT house, maybe airbnb or just rent long term.

Hi all,I am looking for a loan on an existing rental property that currently has no mortgage.

And there’s no existing loan on the house.This is a SFH  and the client owned it for a few years. 

Why not buy an existing building and just take it from outdated to modern.

If you can qualify comfortably and are willing to take the risk, then jump.Another option is to get into contract to purchase the new house, close and then sell the existing one which mitigates (reduces) the risk of owning two properties in a market that may decrease in value.

Does anyone know if a place exists where I can filter out transactions that aren't cash financed?

I wanted to check what effect the existing availability of homes will have on current multi-family rentals like the duplex in question.

So making one now and paying the whole fee for its existence for a month doesn't sound that appetizing.In my layman's opinion, I don't think there really is a difference, other than the California issue.