build a multifamily property and continue that strategy. building is a different strategy that allows you to still enter hte market below value. this is what we build in columbus ohio for investors it's a 3 story walk up infill that's about 24x40 and 2 bedrooms 1 bath stacked 3 times. it's identical to like 65% of apartments that are built. you'd need probably 100-150k in proceeds.

If you can get a big 4-5 BR house with a view for a under a million bucks, i'm pretty confident you can cash flow it with a good return, even in a 6%-7% interest rate environment. 

Good luck  Closing of the house was in late September.

Property one is a 3 bdrm 2 bath with a garage that rents for $1,350 and property two is a 3 bdrm 1 bath, driveway parking, that rents for $950.Before I bought the houses, M.I.P., provided a proforma on each property.

Taxes are reasonable (in most areas), and there is a significant lack of quality affordable housing.  

Flipping houses is a lot of work.

The neat thing with TDR is that, after you've sold off the residential development rights, you still own the land and get to use it in all the same ways as before, except that you can no longer build houses on it.

Looking to invest in a multifamily in the raleigh/surrounding areas. Would love to get anyones experience on househacking in this particular market and any insights on the north carolina market areas

The interest rate is 7%, so we suggest this property is for someone who wants to get into Lease Options and meets the other requirements such as adequate reserves and credit.That means, they buy the property, they wind up with $50,000 in equity and they do a Lease Option to a buyer who doesn't currently own a house, but wants to.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $785,000

Cash invested: $156,000

Short term vacation rental in Panama City Beach. New construction, fully decked ou...