Purchase price: $455,000 Cash invested: $7,000 House Hacking Owner Occupied * In- Progress *Asking Price: 459,999 Rehab: $5000VA Loan 0% Dow* SELLER PAID CLOSING COSTS AND $15K IN REPAIRS, NO MONEY OUT OF POCKET*RENT BY THE ROOM STRATEGYPITI: $3060Rent: $3500 ($875 per room, utilities, Wi-Fi, and Security System)* Current Project: 300 SQFT ADU *ADU Rent Estimate: $1800 (Includes Utilities, Wi-Fi, Security System, and private entrance, yard, and parking)Construction Budget: $20k (Structure is already existing, more of a conversion) What made you interested in investing in this type of deal?

Purchase price: $455,000 Cash invested: $7,000 House Hacking Owner Occupied * In- Progress *Asking Price: 459,999 Rehab: $5000VA Loan 0% Dow* SELLER PAID CLOSING COSTS AND $15K IN REPAIRS, NO MONEY OUT OF POCKET*RENT BY THE ROOM STRATEGYPITI: $3060Rent: $3500 ($875 per room, utilities, Wi-Fi, and Security System)* Current Project: 300 SQFT ADU *ADU Rent Estimate: $1800 (Includes Utilities, Wi-Fi, Security System, and private entrance, yard, and parking)Construction Budget: $20k Structure is already existing, more of a conversion What made you interested in investing in this type of deal?

More than enough to live out the rest of my life “fat FI”.

@Mohammed Rahmanthanks for replying.my strategy would be ANYTHING that's valuable... an off-market smoking hot deal -- whether that's wholesale, sub2, seller fi, looking for development....i'll do whatever needs to be done...

As an agent in Charleston, SC I provide my clients all the necessary data to make informed decisions when looking to invest in this space.

@Bill F. I

You can typically re-fi after 6 months but you will have to show significant appreciation in value in order to cash out your investor, assuming you borrow the full down payment for purchasing. 

@Kenneth McKeownFirst off, Semper Fi brother!

That way you're never having to re-fi, or never having to do something.  

If you only have 1-2 properties and don’t plan to pay more, I MIGHT make a claim, as long as you have time to shop around for a new insurance company fi they jack your rates.