Did a DSCR loan after 6 months to pull the bulk of the cash back out.

But I guess if you want to give a bank $375,000 upfront and $10,871 a month for 30 years you are welcome to.

You also may be interested in joining our Topeka Investor meetup which is held on the 4th Wednesday of each month!

I borrowed $110K from a private lender for the purchase and self funded the repair of the offices. 3 months later, I rented 6,000 sq.ft. of office space to a corporation for $21,000/month + utilities for 5 years with another 5 year option.

For me in 2023:No LLC’s, 12 properties in 2 states, only 1 state income tax, no w-2’s, a pension and a 1031 exchange.I was charged $1,275, up from 2022 when I was charged  $1,175 but didn’t have an exchange.

So, you may not have have the ability to increase rents because Section 8 limits how much you can charge, which may not keep up with inflation.Not everyone has Section 8 issues as my clients had, but you will more likely to have more problems than with non-Section 8 tenants.Multi-Family vs.

Thankfully, my wife is still working, and we have a few months’ worth of emergency funds to cover our expenses.

We're planning to purchase a long-term property every 6-12 months and sprinkle in 3-5 short-term rentals within the next 5 years!

I think I will need a car and an office space in the first few months itself.

If you decide to take this kind of route, it's still very important to go in with a secure plan and also have at least 6 months of reserves.