I’m wondering the best way to get financed on a rental property I am lookin to buy it’s 65k I have capital to buy the property but I’d rather get a loan My issue is I have very good credit but I’m self employed in multiple small businesses and I just started paying taxes 2 years ago Another issue is it’s a double wide trailer on a lot and the bank tells me it’s hard to get a loan on a mobile home

I don’tknow what generation you belong to but I’m going to bet it’s the entitled under generation.

This property has been refinanced to a $340 000 80% LTV valuation in 2019 and is still generating good net cash flow.Rent: Main Floor $1225 Basement suite: $1000 Total: $2225Net cash flow: How did you find this deal and how did you negotiate it?

very tough to do right now. there was a wholesaler over in Salida LA who posted about spending 10k on direct mail finding many leads  NONE would work for flippers and referring them off to an agent who then listed and sold them and of course the agent cannot legally pay a non licensed agent a referral fee other than a cup of coffee.. so there you have someone spending 10k thinking wholesaling was the bee's knees generating market leads which are the vast majority then giving all that away and not making a dime.. 

I was recently employed for a job and there’s something we do on Tuesdays that I don’t particularly enjoy and other things throughout the work week that aren’t crazy fun and rewarding.

If you're new to real estate and just trying to figure it out, you're going to be well served to get as many people on your team as possible, so employing a mortgage broker and an insurance broker I might add to get you the best deal on your loans and insurance can save you in the long run. 

I don't have any income generated from the Coop. 

The structure you are looking at works fine so long as the asset generates sufficient cash to cover expenses; however, as all RE investors know, the unexpected furnace malfunction or roof failure requires injection of outside capital. 

First thing to do is check with lender on guidelines for military to ensure they'll lend to you with only 2.5 years of guaranteed employment -- someone local, someone other than USAA with the guy 100 miles away getting paid a salary to do the job regardless of performance.

In other words, if you find yourself 6 months from now working full time to score a great deal, but you haven't gotten past the "looking" stage, will you have the residual income, savings, etc. to keep going, or will you end up with 90%+ of MF real estate investors who give up and go back to W-2 employment?