If you are going to leverage it and get any financing, traditional  lenders like to see 6 months PITI in the bank for each property.When I acquire a property I plan to finish in the first 6 months any costs to rehab or improve the property.

When you buy with loan the bank requires insurance.

Find a network of realtors , contractors , Banks or hard money lenders.

Usually that's where I host my events.

I used to work with Yadkin Bank but bought out by First National of P.A. and they have been a NIGHTMARE even with existing loans.

Financials below.Our question today is with 25%-30% down for the acquisition, how much do you all think a bank would loan for?

property owner wants 450,000 which is about 75,000 over market value rents in the area are between 1,600 and 2,500if seller will agree to seller finance my first offer is 375,000 at 0% with 10,000 down and 1200 a month paymentsI have no Capital so I will need to get a 12,000 Dollar Loan from the bank $2,000 will go straight to rainy day fund to cover vacancies and repairsmy second offer $385,000 at 0% interest $10,000 down and $1,200 a month paymentsthird offer $395,000 at 0% interest $10,000 down and $1,200 a month paymentsfourth offer $400,000 at 0% interest $10,000 down and $1,300 a month paymentsfinal offer $400,000 at 1% interest $10,000 down and $1,400 a month paymentsI will rent the property for $2,000 a month with an $1200 depositincome $2000 - $1200.

Anyway, my bank will lend me basis their appraisal value.This is my first deal and I will be house hacking.

I ended up purchasing a bank owned SFH for ~50% ARV with cash, from family loans at 12% & 0 pts, rehabbed it, refinanced it into a 30 yr loan and walked out of closing with ~$8k in hand - all within 60 days.

Does anyone know a good bank or loan officer that I can get pre-approved?