I heard Brandon talking about how he uses private money, rehabs, refinances, and then transfers the title to his LLC.

Purchase price: $187,000 Cash invested: $15,000 Sale price: $259,000 I got tired of moving place to place and worrying about finding roommate, security deposits and not having enough money to deal with maintaining someone elses home.

You said, "I'll have to put in extra of my own money for reserves..."

I agree with @Becca F. that hard money rates scare me.

I know one person that did this recently and was able to negotiate no money down and 12% over 5 years but this was probably in the mid west.

Borrowed money from friends and family to pay cash for the property as the bank would not finance it until it had been remodeled, made livable, and brought up to code.

Purchase price: $187,000 Cash invested: $15,000 Sale price: $259,000 I got tired of moving place to place and worrying about finding roommate, security deposits and not having enough money to deal with maintaining someone elses home.

We upsell 3-to 4 simple packages that guests love; I have trained my cleaners to handle them (they make extra money), my VAs help schedule it with cleaners, and we still make a 50% profit margin on everything.

I was losing money every month and was done managing the property.

I would not use our money for the next project.