Think about buying another home for yourself that you can fix up like you did to your current home and rent out your existing property!

A house has come up for sale next door to one of their existing houses, and due to the convenience that would provide from an operational standpoint, they want to open up shop there.  

The first few times were far enough apart from each other that we searched for other simple reasons it would not work only to be told we have to re-setup the existing tenant in payments. 

Is building a new property for a house hack potentially a good idea if our goal is to continue to scale/grow our capital or should we just stick to looking at existing properties that need work and pull our money out post-renovation? 

And since most people have mortgages, and the sale is "subject to" existing liens you need to be very cautious. 

For a tenant to receive a reduction, the landlord must have actual or constructive notice of the existence of the defective condition."

Subject-to deal: Cash required: $35k + 295k existing mortgage + 5k in misc = $335k for a 350k 2021 house.Pros202135k needed3% int. rateGood schoolsGood location CONS$145/m in HOACashflow is tightMortgage InfoLast Recording Date 10/6/2021Loan Type CONVENTIONALOriginal Loan Amount $319,105Loan Term 361 MonthsEst.

Peace of Mind.I'm rather risk-averse myself.

Thank youCREATING a note from the sale of rental property can be beneficial IF either of these two possibilities exist(1) you are able to obtain a significantly higher price on sale of the property by offering a seller financed note WITHOUT an undo increase in default risk(2) you are able to “wrap” an existing mortgage note bearing a low rate of interest with a seller financed note bearing a higher rate of interest. 

If you move out of your 1st home today while buying a 2nd home, you would need to qualify for that 2nd home with your existing income and no income from your exiting property as we cannot count STR income until it hits your returns.