Hey Jaedon - Have you considered exploring DSCR loans?

It's something the wife and I are considering, mainly because our house flooded during covid and after the Austin ice storm. 

Another huge thing to consider is laws and regulations, many times new investors will jump at Hudson county thinking the proximity to NYC is great for renting (which it is) but many of the municipalities in Hudson county have very strict landlord laws. 

I've considered areas close to the Falls, but sellers seem to price it a lot higher assuming the buyer can make it up renting it short term. 

Please consider the following:- Monthly savings: ~$4-5k- Full time job: Traveling and always relocating- No real estate currently ownedMy wife and I have long term goals to live on a remote ranch and would like to use real estate investing as a means to get there.

If you’re not occupying the property and plan to either sell it or keep it as a rental, you might want to consider a bridge loan through a hard money lender.

@Hamidou KeitaTo build a duplex or ADU in Tucson, verify zoning regulations, obtain construction estimates, budget for unexpected costs, research market rent and vacancy rates, calculate ROI, consider neighborhood and property value trends, analyze construction timeline, consider exit strategy, and consider a backup plan.

So, what occupancy rate is considered “too high,” and when should I consider raising rates on my MTR?

➡️Consider joint ventures or syndication.

Make sure your financing is in place, and consider whether you’ll manage the property yourself or hire a property manager.