LTV would be determined by the type of loan.

Along with a kiddy-pool sized litterbox in one corner of a room, cat urine and feces in the OTHER corner of the room on the carpet (newly installed by the seller when I bought), and a smell that made my eyes water walking in the front door.The lease has a clause for Tenant-Caused Damages resulting from tenant negligence.

It would take around 5 years to pay off the HELOC by using some of the monthly rental income from two investment properties.

You are already paying someone else's investment by paying rent into an apartment, start paying your own rent on your own investment with the help of room mates and tenants.

Appreciate the kind words.Looking to 2025, my #1 goal is to expand my portfolio by purchasing and house hacking a second 3-4 flat.

@Reid Ervin Great questions—there’s a lot to unpack here, but I’ll share what I’ve learned from my own experience, especially from a flip turned BRRRR, that I partnered on last year in Longmont CO.

Remodel#rd Bedroom conversion by building a closet (the window and door were already there).

Budget overruns and unexpected delays seem to be a common theme in flips, so padding the budget by 20% makes a lot of sense.

The easiest way to find and connect with wholesalers is either bigger pockets or by googling "sell my house fast in (town name)" although that may cost them a click for google ads.

Racine and Kenosha Co are side by side but their housing authorities couldn't be more different.