We used a HELOC on our primary to purchase and begin renovations on a duplex nearby, and just this month closed on a fourplex that has a couple units rented, and a couple that need full demo/flip (which is now in progress).I'm taking some big swings and really having a blast doing it.

I'd strongly recommend against a single family home and only target properties with at least 2 units otherwise it'll be difficult to cashflow in this high interest rate environment unless you plan on using a large amount of liquidity in the purchase.

I am looking for ideas on locating an equity partner who can provide collateral for a commercial loan to purchase a self storage facility.  

When we purchased the property it was being listed as only a one bedroom with maximum of two occupants, we knew with a few fun features to help the photos pop and a very nice hide-a-bed couch we could charge more and get more nights rented.

Purchase price: $204,000 Cash invested: $30,000This deal was an almost brand new construction in an up and coming area on the outskirts of Houston, TX.

Are you planning on using that cash you pull out for the full purchase or are you considering that a downpayment? 

@NA NASince this is your first purchase, focus on finding a property where the numbers work, rather than just any deal.

Great question - the seasoning period typically begins the day that you purchased the land.

My neighborhood is older and is mostly renters or lease-to-purchase owners.

Purchase price: $450,000 Cash invested: $650,000 Sale price: $1,600,000 New construction of single family