Gradually scale by researching high-growth markets, partnering with experienced investors, and exploring financing options like SBA loans.

I think house-hacking is a great idea and I would be more than happy to help you with the financing.

Hi all, happy new year!
We just joined Bigger Pockets & are looking to connect with others who do creative deals in Denver Metro & surrounding areas.

In the meantime I would touch base with lenders and get the financing squared away.

In this scenario it is very tricky depending on the end buyers finances if you are looking to sell it to an "end buyer" and not an investor. 2.

It is surprisingly easy to manage out of state and if you want more tips on how, check out Bigger Pockets book "30 Day Stay" on Mid Term Rentals. 

Do you use traditional financing or do you us DSCR loans?

Welcome to the community and be ready for a huge amount of information at your finger tips.

They financed 100% of that transaction, and I took on a huge loan - a huge risk for a broke guy like me.

I have 2 options:- finance the construction pre-selling the apt, and take my profits (expected to be around 700K pre-tax); or- finance the construction with a 6-7%/year loan (collateral = my house), keep the 10 units, and once the building is completed in 24 months, rent them for circa 180K/ year gross.