Just know that you won't make any money on the land for a very long time in most cases.

Long-term, look into refinancing once property values increase to lower your interest rate or pull equity for your next investment.Good luck!

I wouldn’t want to hold the loan for too long, so ideally it would be a 5 year term, presumably ballon payment at the end.

What’s not working right now is traditional long-term rentals—high interest rates have crushed a lot of those deals.

@Marc Anthony MacielIf you're diving into house hacking and multifamily investing in Southern California, you’ll want to focus on markets like Riverside, San Bernardino, Ontario, and Long Beach—areas with strong rental demand and solid appreciation potential.

So, that even if they change jobs more often they are never out of work long and often they change jobs to seek a better opportunity.

My long-term goal is to build a portfolio of multifamily rentals while also working as an agent helping investors scale their portfolios.Your experience sounds incredible!

Let’s break it down:Loan: $300,000Base Rate: 8% (P&I: $2,201)Buydown: 1 point ($3,000) lowers rate to 7.75% (P&I: $2,145)Monthly Savings: $56Break-even: ~54 monthsHolding long-term?

You will need to continue filing a MO tax return even in loss years.Given the complexity of passive losses and state tax credits, consulting a CPA can help optimize deductions and ensure long-term tax efficiency.This post does not create a CPA-Client relationship.

This is one step in a long journey, and I'm glad to have found a community that is as passionate as you all are!