Renter base- Section 8 or similar housing on the low end they lose their jobs due to slowed economy.  

They’re relocating out of town and would like to sell by the beginning of the year.Here are the key details:Current rent: $1,850/month (tenant is month-to-month, wants to stay)Market rent estimate: $2,200–$2,350/monthTenant history: Has been there for about a year; was paying $2,150 at their prior rental, so an increase to $2,000+ should be manageable.Seller’s situation: They owe about $156,000 on the property and want to net around $100,000 after all taxes and fees.Existing mortgage rate: 3.5%Wholesaler offer: $287,000My position: I just bought a fixer-upper, so most of my cash is tied up, but I can access around $100,000 from a HELOC at 6.5% (15-year draw / 15-year repayment).Question:Is there a way to creatively structure a deal that allows me to leverage the seller’s existing low-interest mortgage — even though it’s not officially assumable?

Every seller has a cousin who said, “You can easily get $1,600.”None of that pays the mortgage.If you want predictable income, you underwrite based solely on verified, current, rent-ready numbers, not future fantasies.Here’s the exact approach we use:1.

The combination of OOS + BRRRR + low income for a new investor is like attempting your first car race, but during the rain, on a track you've never been with a team, who has never met before.

Like I said I'm not dead set on the idea of tearing down the house just like to open all doors before proceeding.

The combined loan-to-value was around ninety-three percent, which the DSCR lender didn’t mind because the DSCR numbers looked good.The seller liked the deal because they got their full price and created a monthly income stream from the second note.

Durable ones do.Tile floors, standard tubs, simple vanities, no luxury trends.Ten years of low maintenance is more profitable than ten minutes of tenant compliments.3.

With median home values supporting affordability and projected appreciation rates aligning with national trends, the state offers opportunities for stable cash flow in single-family rentals, enhanced by low vacancy rates and investor-friendly dynamics.If you'd like to discuss further, we are happy to help.

We have a big problem with OOS investors in Milwaukee, specifically in the low income areas.

However, you have to include purchase price plus rehab cost and evaluate that against your rental income.