If you are willing to wait we are most likely going to see 100 basis point cut over the next year and a reduction in the spreads that lenders are working off of.

However, we are expecting 2 rate cuts this year.

IE: we are sick of rentals we are selling them but we need monthly income so we are going to invest in Deeds of Trust with you !! 

Hi James,We are looking for our first house hack as well. 2 months ago, I would have been excited to get into any good multi-family with conventional financing, but in the last couple weeks, I have been learning a lot about creative financing options such as seller financing and subject to.

However, if you analyze what we have vs. what other states have there are numerous reasons why we are a great state to invest in.I hope all of that makes sense but feel free to ask anything additional. 

However, we are required by law to accept direction from 51% of the beneficial interests. 

We are opening Monday!

Overall it did take a bit more cash than we wanted, but we are very happy with the result and may consider selling in a few years once rates cooperate with higher purchase prices.

The hurdle that we are facing is insurance.

Our cleaning fees for the year were $40k, landscaping $2.5k, handyman $3k... all tasks that can be done by an operator and off set the loss of income from occupying the main house that brought in about $40k for 2024.My wife and I have decided that even though it makes good money, we have been in Texas for a year and we want to do something similar here and we are very much DIY people and don't want a PM company to run it to the ground.