I have purchased my first home already!

Slowly work your way up to bigger purchase price and rehab budgets.

My wife and I purchased our first home, a multi family, to house hack in late 2024.

If you have not already purchased this policy, I would look for a policy that provided a stated amount deductible for wind/hail vs. a % deductible.

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or to refund to the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account that is specifically designated for future investments.

I would, If in this position, take the equity in the form of a HELOC and purchase a cash flowing asset that would not only pay for itself but pay for the cost of the money while putting cash into my bank account each month. 

If you have any specific questions, I’d be glad to help!

My name is Ashley Kroft and my mother-in-law has a property in El Paso, TX that will be refinanced soon to purchase my husband and I's first rental property.

Once I get a few deals under my belt and money is more abundant, I'll also purchase Seth's training.

What we have learned is that most people avoid these properties entirely, which allows us to purchase them at a significant discount.