As small businesses, securing funding can be a real challenge.

Challenges?

Two things not covered so far:1) If a buyer challenges a seller-financed transaction, the Dodd-Frank penalty is that the lender must make the buyer whole.

I have heard that some lenders are opening back up their HELOCs on investment properties, but they can be pretty challenging to get sometimes.

Challenges?

The first year was challenging meaning had a tenant but not saving, it was just making my living expenses cheaper.

I’d challenge you to go approach any sponsor and and ask them what percent of the deal they’d take.

Challenges?

@Matt RollinsSince your goal is to replace your W2 income through real estate within 10 years, starting with a house hack is a smart move, but Utah’s high prices may make it challenging to cash flow.

So many variables can turn a deal sideways from 1 hour to the next - i.e. inspection findings, title issues, contracts, financing issues, taxes, dept. of buildings/local municipalities, etc.I'm glad to hear you made it through the challenges, and it sounds like you'll be able to leverage this experience as you grow your portfolio.All the best to you along your journey!