I signed a 1 year lease last month so kinda stuck in that until fall 2025 (unless I broke lease or paid massive amounts to cancel it).

This included projections for taxes, insurance, and other fees from the lender.

In total, we had about $75k in that project.

This was a massive leap for someone with zero prior real estate experience.

I actually WISH DSCR Lenders would consider the income projections based on operating a Recovery Residence!

Purchase price: $248,955 Cash invested: $90,389 Sale price: $387,500 This was a fix and flip project located in the vibrant city of Aurora, Colorado.

A DSCR product is what you are looking for.DSCR simply doesn't take into account your personal income, instead we qualify the loan on the properties rental income (or projected rental income).Your credit, properties cashflow, loan to value & prepayment penalty are going to be the main determinants on what this loan looks like for you.

This is before even the problem that these techniques and strategies work only in a limited number of opportunities, and these opportunities can only be recognized by someone with knowledge of real estate principles, law and finance. interestingly, what seems to sell nowadays is this pop cultural belief that education in anything but specific techniques is worthless; that something called motivation, combined with a positive mindset and an unwillingness to accept reality will triumph over anything else and lead to massive success.  

I bought this property with my business partner at 20 years old Pics was halfway through the project What made you interested in investing in this type of deal?

This is for all the 'co-own curious' folks out there.I recently started a project aimed at making it easier and more affordable for people to co-own (and manage) homes together.