Judicious use of refinances combined with 1031 exchanges will have you cooking with gasoline in no time.

Hi Caleb,Is the rent of $1,300 a month per unit or combined?

@Manny Martinez FHA monthly mortgage insurance is typically 0.85% of the loan amount, so you are effectively already paying the rate you were quoted, $200 per month on an $80,000 loan amount would be about the equivalent of a 3% interest only loan, now factor in the difficulty in finding a 2nd mortgage in todays rate environment that low and assuming the refi rate you are talking about is a fixed rate, your $200 extra per month is paying down the balance of the $80k further reducing the effective rate you are paying on the $80k, all while paying about the same effective rate on your existing balance when you combine your rate and MMI... seems like it is a good move to me or at least better than finding a 2nd mortgage.

Some investors will combine STR with a winter long rental to make the #'s work.

We fund with a combination of Hard Money and Private Money.Hard Money will fund 90% of the purchase price and 100% of the rehab on a draw schedule.

Almost all require the following in some combination to execute successfully on a sustainable basis : (1) CAPITAL (2) KNOWLEDGE (3) EXPERIENCE.  

Hey @Yoel Peyamipour - echoing what everyone else pretty much is saying, any combination of multiple tools will work.

This Mountain Modern condominium has high-end finishes in kitchen and bathrooms including heated floors and custom built-ins in the living room.

Their builds are modern and built have high finishes in order to stand out from any other rental in their area.I noticed Amazon has 5 facilities in Davenport this should help provide renters with pretty solid employment.

Purchase price: $220,000 Cash invested: $8,000Located in downtown Woodstock IL, this 2700 sqft 2-story historic home features craftsman woodwork, built-ins, and hardwood floors, with modern finishes. 5 bed 3 bath property with a huge yard, fire pit, and full unfinished basement partitioned and accessible to both side-by-side units.