Formulate a plan.

Once you formulate how you will partner, a two-family serves his purposes and yours and he is there if issues come up, but you can be the known owner so they don't knock on his door.

There's quite a bit of statutory regulations and strategic possibility. 

FOR 2-YEARS AFTER RENTING OUT OUR BASEMENT ON AIRBNB——————-$156,000 (TOTAL EQUITY AFTER TWO YEARS DIVIDED BY TWO PARTNERS WHO STARTED THE LLC)——————-+$78,000 / TOTAL EQUITY AFTER TWO YEARS OF RENTING IN WASHINGTON, DC+20,000 / EXTRA SAVINGS FROM RENTING OUT OUR BASEMENT ON AIRBNB—————————————————–In case you missed it, that is almost $100,000 of equity by just RENTING OUT OUR BASEMENT AND THINKING DIFFERENTLY ABOUT THE PRINCIPLE OF LEVERAGE.It was a win-win any way you looked it.CONCLUSION:As you think about living in an expensive city on a smaller salary (whether in ministry, funding a start-up, or whatever it might be), think strategically about what the first couple of years might look like for you.Listen, there is no single recipe for success.

You want to be sure the lender you choose has navigated them before.Can help you strategize the lending piece for this purchase AND purchases in the futureIs an investor themselvesIf you’d like a recommendation for a lender DM me.

Strategically bought and sold property at a profit.

We house hacked our first property and we are currently strategizing our next move. 

They are already formulating how they will help those clients through these times.  

I have a scheduled call with the GC tomorrow to formulate a realistic game plan and timeline. 

I've been using this downtime to further educate myself analyze deals and begin formulating my plan to get into the market.