Hey everyone, I’m trying to decide between purchasing a single-family home or a multi-family property for my first real estate investment in Detroit, and I’d love to get some advice. 

I purchased a single family to rent out the rooms and it sent my finical plan completely off course because I was not as ready as I previously thought.

I am interested in purchasing a new investment property and have been pre-approved for up to $700,000.

I've found an off-market property that would require $175k purchase, $35k down, $20k in repairs, with a conservative ARV of $235k. 

Purchase price: $940,000 Cash invested: $250,000 I purchased a Self-Storage Facility.

However, a common benchmark is aiming for at least 6-8% cash-on-cash return based on your total investment (purchase price + rehab + closing costs).Always factor in appreciation potential, tax benefits, and personal risk tolerance.

I’m in the process of purchasing a second home in Aspen, CO, which will also serve as my first STR property.

Hey Cameron, for experienced investors I can lend up to 100% of the purchase and rehab costs on 1-4 unit properties.

Yes quite a few of our 5,000 options have rate and term or purchase!

Can you give more details on your numbers, purchase prices, rehab costs, time to complete rehab, ARV, monthly rent?