House hacking with an FHA loan is a great way to minimize living costs while building equity, or you could invest in an out-of-state rental for steady cash flow.

The best strategy is to focus on properties that cash flow at today’s rates and consider a refinance down the line as a bonus rather than a necessity.

You will NEVER cash flow while living there but have a chance of cash flowing when you move out.

Purchase price: $425,000 Cash invested: $5,000 ell after just 6 months of owning.

If you need any assistance or have questions, feel free to reach out. 

My contractor does these visits for free because he gets ALL my work, the construction, the plowing and the mowing.

Purchase price: $425,000 Cash invested: $5,000 Helped my past client out of a difficult situation.

Further context, I have zero debt, high 700s credit score, one other investment property here locally. 175k in cash available, looking to do DSCR loans or cash and then refinance.Peoria, Illinois- Great need for lower income housing, market appears to have many options.Lawton, Oklahoma- Looking only at extremely cheap properties, as it seems it’s not terribly hard to find renters.

If you need an option that isn't as document heavy, a DSCR cash-out might be a viable option if it's an investment property.

Purchase price: $990,000 Cash invested: $350,000 Purchased this home with my former partner back in 2018 and we put 200k down.