The substitute of collateral was more of a scenario where you sold for $155K, and instead of paying off the $88K loan in your scenario, those funds stayed at the title company and were used on a cash purchase happening nearby in date. 

I like the strategy of having a job with guaranteed income and taking advantage of owner occupied financing to purchase a house hack, staying connected with the REI community in the area, and scaling up from there.

These estimated costs should then be reconciled back to actual costs or the purchase price.Have you had a cost segregation study performed?

Was previously purchased with a Builder to erect a SFR residence on.

i want to be on a team and work with others and purchase subto deals.

When I first started out I purchased everything with 20% down and had enough available much through credit cards which can be problematic also to withstand a few months of vacancy or a $10k repair.

If you can show that the numbers work, you can get 100% of the purchase and rehab covered.The key is finding lenders who work with new investors.2.Partnering with Experienced Investors– If you don’t have capital, you can offer your time, effort, and hustle in exchange for a piece of the deal.

Purchase price: $355,500 Cash invested: $75,000 Rental Property near community college What made you interested in investing in this type of deal?

I recently purchased a second foreclosure property, another condo on the east side, and am looking forward to flipping this one. 

I've not yet invested in my first property, but I plan to purchase my first one by the end of 2023.