Utilizing Kim's local market expertise, we quickly assessed the property's potential.

The key here is to have a plan to pay that loan back.I did this by utilizing the typical BRRRR method on homes in Detroit.

Utilizing Seth's local market expertise, we quickly assessed the property's potential.

Property 1: 4/3 LTRCurrent Value: $475kPurchase Price: $363kDown payment: $40k (30 year conventional)Interest Rate: 2.75%Remaining Balance: $294kMortgage payment: $2369AVG revenue: $2775Property 2: Duplex - 3/2 House Airbnb & Detached studio apt 12mo leaseCurrent Value: hopefully within $575k-$600kPurchase Price: $591k (appraised at $599k)Down payment: $30k (30 year FHA)Interest Rate: 6.125%Remaining Balance: $552kMortgage payment: $5041 (including $362 PIM)AVG monthly utilities: $385 (full year avg)AVG monthly revenue: $5261 (full year avg airbnb + $1650/month from apt)

Add charges for rent for the remaining months, estimated utilities, estimated cleaning and repairs and cost to re-rent (in our case: cost to PM is 1/2 a month's rent).

I might look into financing options for the property and utilize the HELOC for the down payment.

On Friday afternoon and over the weekend I did all my due diligence (visible condition, title letter, city violations, outstanding utilities) and everything is pretty clean.

This would have to be an off grid property as there are no utilities in this area.

This is the first time USA is acting like Africa fourth-world country that they blocked presidential candidate by using a "judge".Also take a look at how Elon Musk is treated when they're not voicing the same song as the elites.Something really broken in America.And, in this digital age, with TX now the 8th largest economy in the world among nations, does TX really "need" the Federal Union any longer?

I never commingled any funds because whichever prop it was, I utilized the checking account for each property.