I'm a financial planner who works with real estate investors - we have a client who plans to renovate a Clinton Hill (Brooklyn) property that has been in his family for generations into a multifamily rental.

House-Hacking is a great way to start building generational wealth.Best of Luck!

My goal is to obtain finacial independence and grow that towards generational wealth.

Does the appraisal value really matter though if it generates a ton of income?

Here’s how it works:Buy a cash-flowing property with solid fundamentals today.Rehab it, improving the property’s value and generating more rental income.Rent it out to ensure cash flow covers your costs.Wait for a Rate Drop—this is the new "R."

Over the past three years, I’ve been using most of the major off-market techniques.One standout method has always been pulling data and feeding it into a call center to generate off-market leads.

We've started using platforms like airbnb to generate long term rental leads and that has also proven to work really well as of recently. 

Can your cleaners handle more workload such as adding revenue generating packages?

A DSCR Cash Out Refinance is what I am going to recommend on this.Typically can go up to 75% LTV on a cash out if you have good credit.There are plenty of lenders around here who can get them done,On a DSCR loan we do not take into account your personal income but instead qualify you based on the income generated from the property.

Here is what you are teaching others:1.Perform a ton of research on how to generate leads.2.Listen to podcasts on your way to work.3.Question the meaning of life, listening to, and dissecting all that information.4.Find A list, Filter That List, Buy that List, Buy stamps, Buy mailers.5.Handwrite 5000 letters.6.Include a pen inside the envelope for “lumpy mail”.7.Send mailers.8.Experience a short-lived feeling of accomplishment.9.Followed by an intense sense of depression and shock upon receiving a ton of angry calls from said mailers.10.Get a ton of returned mailers.11.Skip trace these addresses.12.Pay for a new set of envelopes mailers and stamps.13.Resend mailers.14.Experience another short-lived feeling of hopefulness.15.Followed by an intense sense of depression and shock upon receiving a ton more angry calls from said mailers.16.Listen to more podcasts.17.Get a “AHA!”