I’d like to have 3 single-family homes and the 5-plex paid off by then, which would give me some solid passive income.

My client recently purchased a 3/2 single family house for $160k that was near turnkey and already rented at $1900/month and in a very desirable residential neighborhood!

I have also read alot of books.Hi Bree, super excited for you on your REI journey!

LTR Single Family Rental What made you interested in investing in this type of deal?

Heck, you should mortgage your home to the hilt, and borrow every single dollar you can at 6-7% and crush it on the arbitrage.

Here are some practical steps and strategies to consider:## Single Family and Small Multifamily HomesWhen looking at single-family and small multifamily homes in northern Illinois and southern Wisconsin, make sure to analyze the local market trends, rental yields, and property appreciation rates.

This fundamental slow in housing starts has caused household formation to outpace new homes (single and multifamily) by 2.3 million between 2012-2022 (Source).

They were super slow, had literally no idea how to read a basic purchase agreement contract, messed up on most of the paperwork, and ultimately were going to cause us to close 2-3 weeks late, with a lot of extra fees and less LTV than originally promised.

They love to talk about his great forms and how the members "feel like a family," but you rarely find anyone that's done a single deal on their own.

Please see the rough numbers below :Tear down house price 350k,Construction cost 165 sqft * 2 build=627k too much for the land unless your exit is 3 million. don't reinvent the wheel. no single family home builder is paying 300k for land. that's miami florida prices where I live. we buy land 50k and under in Columbus Ohio. keep land at less than 10% of after built value.