Purchase price: $282,000 Cash invested: $120,000 STR buy and hold with renovation for value add.

I like where I live and it has the potential to be a good rental for me down the line, so I've decided to go through with making the purchase. 

From the good advice of other BP folks, I've decided to wait a few months to purchase my first multifamily property.

With you being qualified for an FHA loan on your next home that you're purchasing, will you be using the rental income from your departing residence to offset the mortgage payment on that property?

Congrats on the purchase. Red

We ran numbers across several probabilities and it seemed like a safer bet when we purchased. 

Using simple numbers, assume I want to purchase a $100,000 property using crypto as collateral:- I pay the closing costs with cash- I put down 10% down payment with cash ($10,000) - I utilize a crypto mortgage for the remaining 90% ($90,000) This way, I still keep my crypto and I have a property, both of which may accrue in value over the long-term.

If you can get through this rough patch and the #s work, you could see your property's value double from the original purchase price in a few years.Lastly, I'd check out the Sell vs.

Instead, consider a DSCR loan (based on rental income) or refinancing into an investment loan post-purchase.

Great questions - a lot of our borrowers will tap the equity using a refinance in order to purchase their next investment property.Feel free to give me a shout anytime, happy to help!