Also, a lot of sellers might be more willing to finance the down payment if they know you're committed and have a clear plan for the property.

I plan on renting a unit and probably getting a roommate or two in my unit to maximize cash flow early on.

My Plan Is to give a note for the $200,00 due in 12 months 0% interest.$70k out of my pocket cash and sell the house when it is done for $360k to $400Kclosing cost $40k so 360 - 40 = 320 - 270 = 50K profit or 400k - 40k = 360k - 270k = 90k profitthe $360k is conservative for sale price chino hill ca.at least that was what i had bouncing in my head

Also, make sure that they have money in their accounts in case things don't go as planned.

Would love to learn more about this flipping plan you have and get you connected with anyone you may not already have on your team.

I’m planning to do this for 3 multifamily properties all located in MA, each ranging from 2 to 4 units.

Hi Perry, getting an LLC would be smart if you plan to scale your portfolio.

Would love to connect and hear about how your house hack is going and what your next plan of action is.

Quote from @Jacob Sherman: Quote from @Kiran Asknani: Hi  All I am new to STR game and am planning to start with investing in Boston area or nearby suburbs as I have spent last 10 years in Boston.

Connect with The Hard Money Co, Mach1 Lending, MGM Capital or Plan B Homebuyers.