I founded First Access Lending to provide access where others can't.I can write second liens up to 80% CLTV on investment homes, sometimes with rates lower than cash-out loans, AND you get to keep the low rate on your first mortgage.The products are rare, so I'm not surprised to hear other lenders saying they don't offer them and/or recommend other products.Let's connect, and I can give you a quote!

Keep crushing it!

Gets my brain firing.The Weekly 3: News, Data and Education to Keep You Informed- Folks are Skipping Till to Spring to Buy.

Keep in mind with the FHA loan on 3-4 units, there is a self sufficiency test as part of the qualifying portion.

The current tax code provides special benefits in this situation.When the original owner passes away, the "basis" of the assets resets to the market value at the date of death.In the US, there is currently an estate tax exemption of approximately $13 million per person, which allows the basis to reset, and depreciation can start anew.This “step-up in basis” is particularly useful if the next generation wants to sell the asset.Since their basis is set at market value, if the property is sold at that value either at the date of death or within six months, there is no capital gain and no taxable event.There have been many examples where portfolios of fully depreciated real estate worth tens of millions of dollars have been passed down from one generation to the next, resulting in little to no tax liabilities for their heirs.Pretty cool, right?

Hi Jonathan,Given your situation, a good approach would be to structure the deal with interest-only payments for the first five years, which will keep your monthly costs lower while you build equity.

It allowed me to preserve my personal savings while still securing the capital I needed to get the project going.

To me its looking like a lot of  properties are over priced, but I will keep digging.

Thanks for the information Johnathan, will definitely be keeping some N95s in my car going forward.

The city now spends $296 per person on parks, contributing to an 18% increase in job growth from 2011 to 2021.Other cities have followed suit.