Investment Info:

Single-family residence buy & hold investment.

Purchase price: $265,000

Cash invested: $40,000

3/2 1728sqft
Lake access

What made you interested in investing in this typ...

Investment Info:
Single-family residence buy & hold investment.

Purchase price: $289,000

Cash invested: $50,000

Live in/flip then LTR

While continued learning is important, experience is the best teacher, so take that first step.Good luck!

In this case, you could use it to cross-collateralize your loan with a first-position lien.

(a) market price appreciates at a compounding rate AND so does (b) rents appreciate at a compounding rate.   

My first live-in flip was a distressed 3,600 sqft home, shockingly not old just built in the 90s, but totally shot.

Quote from @Jonathan Snider: I have been saving up for a while to purchase my first STR.

First, developing your awareness of the STRs around you is key to knowing how much someone is charging at any given time, the market's occupancy rate, and how much revenue your competitors are driving in.

It's going to be challenging to find another house hack with as low of a monthly payment as you currently have, given the low interest rate.

And for reference my sister is dealing with a run down house in Louisiana that has a value of about $95,000 and she shopped multiple policies with multiple insurance companies and the best rate she could get was $2500.