Usually, borrowers purchase the lot first and we usually lend to 80% of cost up to 70% of the as-completed value.

Do you do the contacting property owners yourself and then work with the investor friendly RE agent to actually purchase the property? 

Please keep us in mind whenever any of your clients are purchasing property and need funding.

Although they are not Credit Unions- I am familiar with a few local lenders who can lend based on DSCR standards with a purchase price minimum of $75k (so  ~~$56k min loan amount).

Maybe even one cash purchase and one with more debt. 

@Spencer Cuello As others mentioned, can be used if it's short term only and you have a plan to pay off before the 0% expires.Also note it's best used for the rehab portion of a deal after the purchase is complete. 

Please tell us more about the financing you have lined up - is it a traditional mortgage, DSR loan, HELOC...Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location(s) to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Purchase price: $560,000 Cash invested: $55,000 The strategy going in was part live-in-flip, and part ADU value add.

Hello, I am considering purchasing a short term rental in the OBX area.

I am currently getting things lined up to purchase the Real Estate Salesperson License course for Illinois, am reading books on sales, listening to podcasts, putting together a business plan, looking up Investor Meetup groups, researching brokerages, and just about to finish the Bigger Pockets book on "How to Invest in Real Estate.