Purchase price: $125,000 Cash invested: $50,000 I am currently looking for properties for a newly formed non-profit group that wants to supply affordable housing for disabled veterans in the San Antonio, TX, area.We are looking for SFH, Dups, Trips, or Quads to rehab and meet ADA standards for hold rentals for the disabled veteran community in SA.If you know of anyone looking to sell a property that might fit our criteria please reach out and give us some support for the disabled veterans community in SA.

Using VA/FHA/whatever to acquire the property, personally occupy for ~1yr, then move to the next and put the previous into revenue production.

If you start in an affordable Sunbelt city like Birmingham or Montgomery, for example, you can acquire a turnkey rental in a B or C neighborhood for around $120,000.

I also need to liquidate in order to afford to purchase a new primary.

About time! This will create some more movement, has been holding up quite a bit of growth. Good to see the city make some practical decisions. 

For example, if the prevailing interest rate is 7.5%, a builder could offer buyers a 5.5% rate as a way to make the purchase more affordable.

If you listen to some other info you will hear that he fully supports that a millionaire can go buy a new car and that someone who makes 150k can afford a 75k vehicle.  

@Nathan Gesner My justification for taking the risk is that I have a solid W2 job so I can afford to take a hit for a couple of months for vacancies and maintenance.

@Andrew M. yeah, if you opened a HELOC while you opened while living there then it's likely that they don't want to extend that current product.  

A lot of investors based in markets like California and New York are choosing to purchase their investments OOS in the Midwest because of the affordability and numbers making more sense.