I haven't purchased anything over a couple hundred dollars from the gurus in many years and I haven't purchased Josh's program either, but it also caught my eye (or ear?).

pid=2107Houston Real Estate Highlights in July, 2024:-Single-family home sales rose 1.8 percent year-over-year;-Days on Market (DOM) for single-family homes went from 42 to 44 days;-Total property sales were down 2.1 percent with 8,969 units sold;-Total dollar volume increased 4.4 percent to $3.8 billion;-The single-family median price increased 2.9 percent to $350,000;-The single-family average price rose 4.7 percent to a record high of $445,440; -Single-family home months of inventory registered a 4.3-months supply, up from 3.1 months last July;-Townhome/condominium sales continued to decline, falling 19.5 percent, with the median price up 0.7 percent to $221,500 and the average price declined 0.8 percent to $261,123.

This encompasses everything from studio condo's to multimillion dollar beach front homes, and everything in between. 

I am $116 dollars less than what the FMR and no rent control.

Essentially I have ZERO dollars in on a fully stabilized asset and I pull out money to put into future deals, why wouldn't you do that?

Hello Ilya,Where are you looking at purchasing your 1st property.When converting a property from a single family to a multi family, you will need to check on the zoning requirements, depending on your location, not every location has zoning.As far as lending goes, it is far easier to finance a single family up to a quadplex, than financing 5 plus units, the DSCR Market for 5+ units is extremely low right now, and there are few if any lenders in that space.For financing 1-4 units, there are Millions of dollars chasing those loans, so you can easily obtain long term financing, at rates between 5-7%.Please reach out if you have a property identified, and I can help you with financing options.

IMO the info that Henry presented in the thread could have formed the basis of a guru course worth thousands of dollars.  

Make those dollars do double duty.

Before I got my license I would find off market deals for myself by driving for dollars, buying lists and cold calling, sending mailers, networking, skip tracing, going to meetups/ local REIA meetings, building relationships with agents, etc.

I'm sure you heard how you can buy houses "for pennies on the dollar" just pay the taxes and the house can be yours. the reality is while that is possible the competition dosesn't allow it to happen.