What are the key benefits of investing as an LP compared to direct ownership?

A key lesson here is buying at the right price; overpaying by $15K can make a big difference.

We all know that is there is nothing worse than not feeling confident about handing over the keys to your property. 

bringing on someone not only fiscally but also with experience in this type of rehab is key, as you will need to write a good scope and budget for the unknowns.

Since you’re considering selling your business, this could be a way to put your capital to work without taking on the headaches of being a landlord.Right now, you’re at a decision point, and a few key factors will shape your next steps:Leverage vs.

Since you're looking to house hack your first multifamily in New London, CT, or Greater Boston, connecting with local investors and learning about financing options will be key.

and i know that that there’s risk involved, so ill always be prepared for things not going according to plan. and i think starting small and gaining knowledge and experience over time is key. 

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall loss.

For value-add investments, securing the right type of financing that accounts for the property’s potential appreciation is key.

Commercial deals take longer and are all about relationships, so connecting with investors, brokers, and property owners is key.