Buy a house using your parents' money, then manage it for them while living there.

It may surprise you, but we have always operated under the premise that renewals make us more money than new leases.

I agree with @Becca F. that hard money rates scare me.

Purchase price: $187,000 Cash invested: $15,000 Sale price: $259,000 I got tired of moving place to place and worrying about finding roommate, security deposits and not having enough money to deal with maintaining someone elses home.

Generally, the coverage of the policy will state; “The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured after acquisition of the Title by an Insured or after conveyance by an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title.”

I heard Brandon talking about how he uses private money, rehabs, refinances, and then transfers the title to his LLC.

By purchasing this property, I now have very little money, but I still want to invest.

You said, "I'll have to put in extra of my own money for reserves..."

Borrowed money from friends and family to pay cash for the property as the bank would not finance it until it had been remodeled, made livable, and brought up to code.

I figured lowest money out of pocket was the best way to go, and in this case FHA would provide the lowest downpayment.