Purchase price: $63,000 Cash invested: $25,000 one of 2 houses i purchased from my handyman

I’m Mark, a new real estate investor based in San Diego, leveraging my background in AI-driven lead generation to find off-market deals.I’m currently looking for small multifamily properties (duplexes, triplexes, or quads) to rehab and house hack, to build long-term cash flow while living in the property.Outside of real estate, I’m into fitness, golf, and exploring San Diego’s best outdoor spots.

My plan for this year is to remodel and upgrade the house to then put it to cashflow either via short/long term rental.

For example if the house is worth 400K, but they are willing to sell it for 375k because they are avoiding having to pay 25k in agent fees, then the bank can consider the equity gap as a down payment.

Well, what would be happening is that your buyer would be buying your house subject to the existing note, since you can't legally sell the property without paying off that note or transferring the debt to the new buyer.

My DP was around $20k and when I sold it I cleared over $200k.Good luck to you and let me know if there's ever anything else you'd like to know about house hacking.

Quote from @Scott Vaeth: I purchased a house in South Carolina this past year with the goal of BRRRRing it.

I'm house hacking rn.

Just like any of the investment strategies here in BP, they need to evovle as the market and housing landscape evovles.

Just started using https://www.turbotenant.com/ it gives you a focal point to house documents, gives you a credit report and some other things but it's still your decision to make with the collected information.