Purchase price: $460,000 Cash invested: $50,000 My wife and I purchased a duplex in November 2022, lived in it for a year, and now rent it out using a long-term hold strategy.

I am currently retired and just purchased my 1st duplex in Upstate NY using a conventional investment property loan. 

And you won't immediately give up 40% of your profit in taxes.Simply keep repeating this process with one addition - periodically (when you have a good reason) you will sell one of your rentals and using a 1031 exchange, purchase 1 or two new properties to again BRRRR. 

Buy your next deal using a traditional mortgage and your own name.

Many people grow through the use of using as much leverage as possible.  

Using a mortgage calculator takes that into account. 

By using a hard money loan, you can take on multiple projects simultaneously rather than being limited by the amount of cash you have on hand.

The partner was adamant about using a particular bank because their rates were lower.

Lender here, I would look at using a HELOC and keep that 2.75% on the rest of the debt.

I am looking to do my first BRRRR that I do not live in as a primary residence. I have successfully rehabbed two homes and provided over 120k in equity from them. My idea is to form an LLC with my partner to qualify f...