So while our population as a whole may be stagnant, the makeup of that population seems to be changing leading many to believe good things are in the horizon.Pittsburgh will probably never be a city that makes you millions on appreciation, but the stability of the housing market and major employers in the area make it attractive in their own right.

I'm guessing you have to be a specific classification in order to attract the low/no interest loans and other grants, etc?

Interest income for the lender is taxed at the personal income tax rate (ordinary income) while principal repayment is not.Therefore, you can make the deal more attractive to the seller by offering a higher price for the property at a lower interest rate.

I would like to invest 50K total in repairs for the whole property to make it really nice to attract quality tenants.I'm used to making as-is cash offers with my HELOC and then refinancing into a 30yr fixed mortgage with my local bank.

Now personally you can make a deal and doing business with you easy and attractive to a HML like me.

And with that, you’ll attract certain types of tenant.

There are plenty of good tenants with lower income, but they can only afford so much rent, and you can only attract people at a certain income level to live in crappy neighborhoods. 

Bayonne is very attractive for several reasons, based on your goals, and as a licensed NJ realtor, house hacker, and RE investor, I would be very happy to chat about Bayonne with you. 

That’s very attractive space to offer in the greater Boston market. 

Property consist of 216 units & Located in Lawton, OklahomaPurchase Price $28K/Unit - Very Attractive!