They want to get a monthly check without having to work for it.

Hey @Keirsha Evans are you a licensed agent looking to get involved in the forums? 

Interest rates doubled within a six month period of time and property sales almost completely stopped. 

Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

The plan is indeed to house-hack.

Quote from @Michael Goddard: It is always great to hear someone coming from a place of giving to gain knowledge.

Quote from @Delton Friedman: Hi Everyone, I have been looking at building a duplex to rent in the Houston area, but I am not sure how to start. 

Purchase price: $490,000 This is a unique opportunity to participate as a investor in a single family residence valued at $3M and higher.

We're hoping to be able to only have 1-2 months of vacancy so we can turn it and keep the train going.