With careful planning and a willingness to learn, house hacking can be a rewarding and profitable investment strategy.

U can have zero experience and just need a few bucks and a  good credit score and you can buy a home to live in or a rental.. but not development deals.. different ball game

That property has tenants which would cover the monthly payments at its current rent which is well below market value but the property would need love to justify an increase in rent.Very grateful to have made this much progress in the span of less than a year and a half and currently just trying to make sure I have all of my ducks in a row to ensure I can build these three properties into a stable few investments.Looking forward to the future,Austin

And as a builder don't you have a prefered lender who is easier to work with that you refer cliente's to.

Additionally, you should request a Real Property Disclosure (RPD) and a Lead-Based Paint (LBP) disclosure from the seller.

if your doing a senior project I would suspect your best and most cost effective landing solution is going to be a local community bank that loves real estate.. in my experience most will want 50% down on the dirt and a ton of experience and a really strong balance sheet.Myself I always pay cash for the dirt this makes finding a lending partner much easier.

You don't want to flip in the Bay Area without knowing the repair costs and as others have said, this is a time and reps thing, as well as who you know.

No matter which format you plan to read you'll get all of the bonus content abovePre-order now to get the bonus offer: https://store.biggerpockets.com/products/the-house-flipping-...Photo of James with a copy of the book, text saying "Last chance to pre-order" and a "buy now" button

It is very close to two different hospitals, and a mile or so to downtown of a major metropolitan city.

Selling now avoids capital gains tax and lets you reinvest into a new primary home and a solid rental property, which feels like the safer play given the cash flow challenges and ARM timeline.