I’ve been in the real estate business for almost three years now and have completed five deals: one buy-and-hold long-term rental, one short-term rental, and three fix-and-flip projects, for which I helped raise capital.

It is my one regret in life that I quit as I missed a huge opportunity where beautiful property was selling for $30-$40K in my area.

Quote from @Mason Jacobs: Quote from @Eric Goldman: Quote from @Mason Jacobs: @Eric Goldman had a good point, if you don't rent it out no one will lend DSCR, you might get a local bank but a DSCR doesn't work if you don't have it rented!  

That is one thing I like and respect about you @Scott Trench, you are willing to try things out and see how they go.

Great day to all,I've just been soaking up all the online youtube videos from Bigger pockets one after the other and I've made the determination to scale my business massively using the multifamily addition into our (wife and I) portfolio. 

I dont know the terms of this specific home equity agreement but the ones I have seen in the past were pretty expensive.

I just closed one for a client over the hill in Reno, NV. 

We will probably pivot one or both to be long term rentals.

A lot of people sleep on properties that have been sitting, but where some profitable opportunities are.That said, I’ve been spending a lot of time working directly with investors and sourcing off-market multifamily deals—ones that never make it to Zillow or Redfin.

I guess I should have stay the heck out of this one LOL