You need to know how to do all the different types of deals sooner than later so that you have optimized your deal conversion capabilities as MOTIVATED sellers are hitting you and your organized network you are to build.  

They have the lowest rates and since they are 30 year fixed...they allow us to cash flow better...which helps us qualify for other loans later.

I plan to get a property later this year and employ the house-hacking strategy (I already have the funds for downpayment and closing).

I’m actually from Muncie, and I have a couple of walkthroughs scheduled later this week.  317-618-2540 hit me up.  

@Jonathan Greene, I suppose that if we bought a rent-ready place, it would be harder to snowball with another place later on, since our capital would all be tied up in that one property. 

This will help avoid (complicated and costly) probate later.

Hi Riyanka.While I reserve my top shelf contractor info for my clients, I'm happy to provide 3 hard money options. 1 warning- it's normal for most hard money lenders to quote a higher LTV upfront and then drop it, later, increasing your required cash in the 11th hour- so I recommend you pursue 2 at the same time.Ken Ketter, at the bottom, is the most LTV-stable hard money lender I've worked with in several years, but typically their loan money is dispersed/out- you may get lucky and they may have funds available.https://capitalfund1.com/https://www.hardmoneylendersarizona.com/Ken Ketter 928.853.5339If I can help with consulting in other ways, just holler. 

Two hours later, they said they changed their mind and didn't want to sell.

If you owner occupy and rehab the home around you great while looking to sell at the 2 year and a day mark or later (to wash up to 250K as a single owner occupied/500K if married).  

A year later the property sold and was gutted to studs as I predicted.