The loan will instantly give you at least 50% equity in property. looking for some guidance!!!

If we sell, we pay short-term capital gains but get instant profit.

Pay down debt before investing further to open up your debt-to-income ratio, or:save up cash to purchase a rental property for instant cash flow and use the income to pay debt.I am currently house hacking my rooms out in my primary residence and I am looking to buy my second property soon but don't know what my next step should be.Thanks!

Instant equity and cash flow How did you find this deal and how did you negotiate it?

It’s free, safe and the funds transfer instantly from the tenant to you with no worry about the check or money order getting “lost in the mail”. 

It could also be a great negotiating point, since many buyers will shy away from this.Typically, the sellers would just execute a short term lease with the buyers that takes effect the day of closing, making the buyer an instant landlord. 

A very important component is this gets the listed unit rents at full market instantly, so if/when there is a vacant unit you wont have the mess of some tenants way under market making it years until you get to full.

Unrelated to your post, but I’ve done this for several that were scammed by someone spoofing our company in my name, and the banks almost immediately recognized irregular activities and instantly froze the accounts.]Let me also guess, the account he wants you to wire to is not his name or the name of his company.

Venmo and PayPal both credit my account instantly, but I don't think they are certified funds - my understanding is that they would claw back the money if the ACH transfer later did not clear.

It seems like an amazing deal to start with, lots of instant equity and doesn't need too much work.Some details, located in Northern Kentucky in a pretty good area.Price is 70kARV is 125kI estimate about 15k in repairs/rehab Market rent is around $900-$1,000/moMy plan is to get a 203k, and live in it for atleast a year and fix it up over time.I would also be renting out the 2 extra bedrooms for probably around $300-$350/moAssuming I get a $85,000 203k loan, the payment would be right at $400/mo plus another $160/mo for taxes and insurance.