Don't be so quick to indebt your paid off townhome until your learn creative financing and review all your options.

Hey everyone,I’m Luke, a new investor based in St.

The agent turned down a seller financing option - although it was not ran by the seller - because the agent said the seller is so done with the property that she wants nothing to do with it at all.

Another great option is the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat), where you buy a fixer-upper, renovate it, rent it out, and refinance to pull your cash back for the next deal, and this is a good route because most private lenders can go higher LTV than on a rental loan! 

If you are skilled in each of the areas above, and you have enough in reserves to cover the costs of when things do not go as planned, then you can likely attract money from private money lenders who want to get a return on their money and they see lending to you as a low risk way of earning a better return than in the other passive investing options they have. 

Based on that, their personal use kills the STR loophole from 2024 forward. 

@Kwanza Price - Syndications are a great options and even some QOZs. 

Class A properties are going to cost you more, have lower cash flow, yet be more attractive to a higher quality tenant base.

Bear in mind that the fiscal treatment of the two options in Mexico is different (withholding tax on the gross income with the fideicomiso vs cost deductions with the corporation).

The advice I would give as a lender are these few options if you both are on mortgage.