The local lender we tried to secure a HELOC with said they could not lend on a property with two dwellings on it. 

Income is very important when qualifying for a traditional loan, so I would recommend securing a stable job first if you choose to go that route.

Here’s to your continued success, security, and peace of mind on your investment journey!

No-ratio DSCR refi's are going to be more expensive and bring lower leverage than regular DSCR refi's. good points. ideally we would just get financing at closing and not jump through more hoops of seasoning and refi.....We do this with banks right now but scaling is issue.

It even identifies relevant attorneys or trustees in that area by querying our internal databases.Portfolio reviews: We’re piloting tools that regularly analyze loan performance and servicing data to flag risk trends or resolution opportunities.

If I’m able to secure a property in the $60,000 to $65,000 range, coupled with an additional $10,000 in renovation costs, I believe this will positively affect my cash flow. 

In the meantime, I have to live under the same roof with a tenant who doesn’t pay, doesn’t care, and regularly invites people over, being loud and disruptive like she has nothing to lose.I’ve been depressed.

For your first project, a few things really matter: having a solid team (contractor, agent, title company), knowing your numbers (ARV, rehab budget, holding costs), and securing the right type of financing.There are several loan options depending on your goals and experience level.

Quote from @Angela Pham: I recently closed on a 5+ multi-family, the bank would only finance 60% of the purchase price (DSCR loan) and I had to come up with the other 40% + closing cost - in the form of a HELOC secured with my primary home.

Unfortunately, we secured long leases back in Sept, and now make a few hundred, where we were netting at least $500.