Many locals banks are giving short term loans like that.You would do much better to go specifically with a multifamily lender for commercial.10 years fixed rate with a 25 year amort.The loan rate is 75 basis points higher than a starting rate that adjust in a few years.I would take the higher rate locked in for 10 years and build the model into my numbers when purchasing.I understand your concern about interest rates but if you set up and plan right there is not a problem.

Their mathematical models have to be redesigned.

Companies that rehab and load tenants in there is no income stream model that is proven over time.If a company can show investors that over a span of years investors have bought from them and here are actual and not stated returns from case studies and you can show those returns than you have something.

Being different, while attempting to avoid the necessary homework, and proving to be of no value and generally being a waste of time-sounds like a hell of a biz model!

J Scott has a great system that works well for him and you should model your structure similarly if you think that it will work for you.

May not even need to go down this path... just thinking ahead.I've put some pretty detailed models together and with the most conservative estimates it looks like I can pull off a 12.9% CAGR over five years.

The tenant was a model tenant for years and I noticed no problems when I collected the rent and inspected part of the house.

Prior, our data scientist, has some models built for other zip codes that we would like to look at helping you fund yellow letter campaigns for. 16th, Rockdale*2, and Crest*2 should all start construction before the end of the year if the city complies.

That being the case, now you should start running the numbers to see if this property will work well with your business model and your approach.After this quick scrutiny, if you think there is some profit to be made, investigate further by tracking down the owners and seeing if you can strike up a deal!

I have been looking into wholesaling but given that my market is a lot different to the US the traditional wholesaling model isn't really viable here in Australia.So basically what I intended to do was negotiate a property at a discount and then try and flip it to an end buyer who has conventional financing but does not have a sufficient deposit.