Initiation of these loans can also take a bit longer than normal, which could hurt your chances of closing if the seller grows impatient.

I have good credit (730+) and solid income.I am currently lined up for a conventional loan with ~15% down, 6.5% rate, and low closing costs but this would use up most of my liquid cash (minus emergency fund).

So Ive ran about 40 properties so far maybe more and this is the first one where the numbers are looking DRAMATICALLY better than anything else . especially the top tier class a duplex in the same neighborhood. the cash to close is really skewing the returns.. anyways , what do you guys think?

It already closed?

It is suggested to have a strong Pre Approval lender and resources to tour the property as close to listing date as possible. 

I am considering selling a property and taking Ernest $ up front now- BUT It will not actually close until mid-2025.  

Given the inspection findings, you have a basis to renegotiate the purchase price or request seller concessions, such as a price reduction or credits at closing to cover repair costs as well.To do a proper analysis on whether the purchase is worth it, you'd need to calculate the expected rent after repairs and the ARV.

Besides the down payment and closing costs you typically will need to have 6 months worth of reserves as well.

Hello, I have a deal I am about to close but I don' have a good way to underwrite my BRRRR.

We closed on a beautiful turnkey home Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?