All Forum Posts by: Jack Mawer

With a fourplex you should be able to achieve cash flow even with the current rates - in addition, even if you took on a mortgage on a rental property in the current market, you will still be able to refinance in the near future when rates come down - I would not pass up an opportunity that makes sense as an Invesment just b/c of heightened rates. 

It depends on the cost of the property and the extent of the rehab but I think $100k should be plenty for your first project, especially if the lender you go with gives you solid LTV and pays for most if not all of your rehab costs.

75% is likely the best you will see right now if you are looking for a cash-out refinance - there are DSCR lenders that can go up to 80% on a rate-term refinance - happy to discuss!

I have not but this seems like a very interesting strategy - good thing is is that they are likely not too expensive so you could try it out for a couple weeks and see where it takes you 

I would deny them for sure based on low credit and one being a sex offender - not worth it, you can surely find more qualified tenants 

FHA would be good if you are trying to save cash but the result will be a hefty mortgage payment each month

HubSpot 

I would look into putting 25% down or exploring Interest Only options in order to maximize cash flow per month 

I love the strategy of looking for a deal a day - this is a great way to expose yourself to a wide range of properties and be able to make a more informed decision!

I'm not sure you would be able to go the commercial route just because these are single family homes - you could try a DSCR loan or something of the sort where you would qualify based on the rental revenue the home brings in each month