All of the other lenders I spoke to only do DSCR loans for up to 4 units on one property …shes the only one that I found after calling many lenders that does up to 8 as long as the lot size is under 15 acres.

I spoke with the seller and learned that they really did not have to sell, but were ready to move on and use the proceeds to potentially build another house or building.

The lender that we spoke to said that usually lenders would need atleast 12 mos on that certain job.

(I know, analysis paralysis) but my goal is to take action this year.I spoke to a landlord who's considering selling a 4plex.

I spoke to her for the first time yesterday, and she agreed to the move out date and agreed to Venmo me rent on that day.

Hi @Shera LinaresI spoke to our refinancing broker and we can rent the house after 60 days.

Hi all,a few days ago i sign my first lease on my first rentalA little background,1 bedroom unit in a top Chicago neighborhood. beat down unit purchased for 140K cash, I did a gut rehab almost all by myself and was able to get the place looking amazing for the reasonable price of about 25K.all in all with closing and carrying costs I'm 170K inannual expenses: $8250, annual income: (with 5% vacancy) $22250. cap rate a little over 8%, not bad...however, im looking into my next one and i cant let a substantial chunk of my money sitting there.i spoke with my mortgage broker and he said that i can cash-out refi any time i want. but, as long as its under 6 months from purchase date, the bank will only appraise it for the purchase price, 140K. if i want to get it apprised for ARV of say 180K and pull more money out, i have to wait for those 6 months to pass.anyone had any success by-passing this somehow?

I spoke to the landlord and facilitated that transaction...for free ; ) Turns out this seller had 8 other properties to sell.

I spoke to the landlord and facilitated that transaction...for free ; ) Turns out this seller had 8 other properties to sell.

Also spoke with a couple hard money lenders but they would only do it if I purchased through my business with the intent to sell or rent it out.