Plan for the Future: Make sure the home can accommodate your long-term plans.6.

I guess I'll see if I made a good deal or not in order for this to work.Blanca,Yes, you could take a HELOC for the remaining repairs, or refinance into a bridge loan and get some capital back to make those repairs, and then refinance into the long term loan that you are looking for. 

Hello, So I saw that most places categorize rentals as just str or long term, mtr is just another option investors came up with but in the eyes of the state it’s not recognized with its own rules and regulations.

Education is life-long.

The real play is to get a seller-financed note and then sell all the homes during the term they give you and then refi out.

However, I have already found an opportunity I feel I can not pass up, even with as little knowledge and experience I have, and am looking for any and all advice and thoughts on my first move into real estate.A life long best friend of mine has been offered by a family member for $20,000 to own outright a 3.5 acre lot with a run down mobile home on it.

If I am the buyer on the wrap, I would want to make the wrap part the same terms as my loan to the seller.

Quote from @Steven Gesis:   Brian, I read an article in Bloomberg the whole premise of the business plan for a particular operator was a "double pop" and a short-term fix and flip strategy all focused on high velocity  multiple refinance events, floating adjsutable rate and the hope and faith of continued rent growth coupled with low interest rates in multifamily -   I wonder how this is working out for them now.

I intend to invest long-distance in small to medium size multifamily properties and hire property managers, not sure how often physical checks will be needed.Appreciate any feedback or other bank recommendations, also looking into NBKC and LendingClub.

@Anastasia Jordan How long would you say that it took the State to reply to your counter offer