Purchase price: $55,000 Cash invested: $440,000 Currently under construction and pre-leased for $6,195/month, this 7-bedroom, 5-bathroom student rental in Clemson, SC, was built using investor cash and designed for high-end student living.

@Aristotle KumpisWe do 10+ Flips/BRRRRs annually and fund with Hard Money and Private Money.Hard Money will fund 90% of the purchase price and 100% of the rehab on a draw schedule.Our Private investors will fund the remaining 10% of the purchase price, the first portion of the rehab (to be drawn later from the HML), and the holding costs.Of course, with private lenders, you must give up equity or a return on the debt.

Quote from @Holly Radice: I am looking into purchasing a 4 unit in Ohio as my first property.

Step 1: Ensure you can get financing (is it a cash purchase or will you need a loan). 

Yes you can find properties which you will be able to purchase, but ROI will be near zero or negative. 

Slowly work your way up to bigger purchase price and rehab budgets.

Quote from @Jaren Taylor: Quote from @Stuart Udis: Depending on the transaction sizes you are pursuing, raising money to purchase property without debt requires either an incredible network of relationships or devoting a lot of time and effort to raising money.

Was that purchase money, rate and term refi, or cash out refi?

I am looking into purchasing a STR in a different state and was wondering if you would be willing to give me some tips you learned along the way?  

Purchase price: $120,000 Cash invested: $150,000 Dilapidated house.