Afterwards, I sell the relinquish property at $450K, free and clear.

Transitioning to a Second Property with Low Money DownIf a second FHA loan is not an option, here are alternative strategies to minimize your out-of-pocket expenses:Conventional Loan with 5% Down: Once you’ve added equity to your current property, consider refinancing into a conventional loan to free up your FHA eligibility.

I posted as a free subscription last year and quickly found a tenant.

Starting with a small multi-family house hack is a smart move, offering the benefits of living rent-free and equity building.

This could free up more cash flow to reinvest in your deals.But here’s where it gets interesting: making the transition to an S-Corp can require a more organized financial structure, which includes separating your accounts, keeping clean records, and being prepared to pay yourself a reasonable salary as the business owner.

To avoid actually collecting money every week the lease agreement stated that the term was week to week, but if you paid in advance for 4 weeks worth of rent on the 1st of the month, you would receive the remaining days of the month at the discounted rate of being free. 

Their accounts are always free for landlords. 

Our proven systems and personalized approach ensure that you’re on the path to making your goals a reality.Next Steps:Set up your Private Money Club AccountIf you haven’t already, make sure to create your free account at www.privatemoneyclub.com.

Feel free to share any other advice you might have on the topic.Thanks much- b 

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