I figured I would use HM for the purchase and DADU build.

With fewer buyers in the market due to high rates, investors who move now have leverage to negotiate on purchase price, seller credits, and even off-market deals.The biggest mistake investors can make right now is waiting for perfect conditions.

In Columbus Ohio, you can still find deals that hit the 1% rule anywhere from $120-180k purchase price.

Purchased as an asset sale in October 2019 as a buy/hold investment.

Purchase price: $110,000 Cash invested: $30,000 Hobby Farm On 10 acres2300 sq ft house with 8 out buildings - Large Barn, Animal/hog barn, Mid-size machine shed (2) 25' x 35' / 30' x 50', Large Machine shed 60' x 60', Grainery barn, Entertainment Barn, 3 car garage What made you interested in investing in this type of deal?

Keep in mind, it would be in your best interest to go for as high as 4 units on each purchase to maximize your door count. 

Step 1: Ensure you can get financing (is it a cash purchase or will you need a loan). 

Purchase price: $425,000 Cash invested: $5,000 ell after just 6 months of owning.

As I build my career as an agent, I’m also passionate about real estate investing, specifically with a goal of purchasing multi-family, buy-and-hold properties where I can live in one unit and rent out the others.I’m here to network, learn from experienced investors, and contribute to the community.

So pretty good equity position within a year plus cash flowing well based on a $325k purchase price.