Also, you can possibly take equity out of your current properties instead of taking out a construction/hard money loans.Purchase and Rehab Financing:If you are doing simple purchase and rehab (not ground up), then it's not that hard to qualify and you just need to right broker/program.

Loan Amount: We specify this as a percent of the purchase price.

You also will want to stick to on market properties at first because the purchase process and evaluation process (namely title and inspections) will be more defined.

If you wanted to diversify you could use the income and purchase other properties, slowly add other properties. 

Purchase price: $4,100,000 Cash invested: $2,000,000 79 unit value add apartment complex with roughly 800k in cap ex completed What made you interested in investing in this type of deal?

Felt with R2R I purchased the property and a team.

I’m in the process of purchasing a second home in Aspen, CO, which will also serve as my first STR property.

I recently had a client purchase a duplex in Forest Park here in the western suburbs with this exact plan in mind.

The family purchased a lakefront property in a nice area three years ago but then ran into a series of issues, and have abandoned the place because of them.They are hoping the bank allows a short sale (asking for roughly $20,000 under what is owed)Here's what's made them so unhappy:Anytime they used the laundry it was dumping into a dry well, which would back up into the house forcing them to take their laundry to a laundromat instead!!

If you decide to sell and find an investment property with a greater cash flow potential.A 1031 exchange would allow you to indefinitely all of the tax and use it to your advantage to reinvest into larger nicer property/properties.