I think it should appraise for at least 600k and think 650k is reasonable.It’s fully renovated and fully leased for $5,200/month.I’ve reached out to banks to see if I could use cross collateral to be my equity contribution but at least so far they’ve also wanted 10% cash.I’d like to avoid coming out of pocket with cash.I was wondering if you had creative ideas on how I might be able to get this financed 💗

Look into areas with lower price points and solid rental demand this can allow you to start investing without the pressure of high local prices.Your brother’s contribution gives you financial flexibility, so use this time to find a property that fits your needs without rushing.

Whether you’re new to investing, looking to expand your portfolio, or interested in starting your own short-term rental, I’d love to connect and share my insights.I’m here to keep learning and contributing to the community that’s helped me so much.

Knowing what I know now, I will never contribute to Roth, only pre-tax.

Don’t hesitate to ask questions, share your goals, or contribute to discussions.

It’s always interesting to hear about emerging trends or hot opportunities in the market.Looking forward to seeing your insights and contributions here.

Any transaction done with little or no equity contribution is most probably (there may be a few exceptions) in danger of “blowing up” from over leverage and insufficient equity cushion.  

The issue that i see with miami is the money mostly comes from the top earners.

So sellers are not making contributions here anymore?

You didn't save him from foreclosure, you delayed another problem by using SubTo in this instance.Appreciate your contribution to the forum with those five insightful posts.