Equity earns 0% interest (inflation will destroy your purchasing power) your real estate investment will Appreciate or Crash regardless of how much down payment you put on your home.

Purchase price: $8,000 Cash invested: $20,000 In 2013, I put my knowledge into action by purchasing a two-bedroom home for $8,000 as a home for my mother, though she wasn’t thrilled about it.

You could potentially put as little as 3% down if it's a single family home and 5% down for 2-4 units.

Do you have any equity in you existing home (if you own it) so you can leverage a HELOC to use as an emergency fund?

There are also other new construction homes on our street facing the same issue.So, I’m kind of stuck with this property, which is why I’m exploring ways to cut my losses and exit cleanly.

Onslow County is home of Camp LeJeune (Marine base) so there is always a big need for more LTR rentals.

Simple enough - except that he built a million dollar home in a $300,000 market. 

Using your example, you sell Mon for your $155K and have a contract on a new home for $100K two weeks after this one sold.

In a perfect world that’s how I would start since it would be a lot easier than buying a home but I’m sure there’s some things I’m overseeing.

They have a bigger single family home and a tiny home on the property, but there close proximity and shared driveway present functional problems that are undesirable for guests.