Investment Info:

Single-family residence buy & hold investment.

Purchase price: $160,000

Cash invested: $40,000

Sale price: $268,000

I bought my first house in Kalispell Montana as a long ter...

I am paying a bunch of interest on the short term loan, with no timeline or updates.  

I’m starting a short to mid term rental business.

I was debating if I should partner with a friend or family member who is willing to work on a property together. ill be sure to make sure things are done legally and fairly so no one get short sighted and things don't get messy.

That pain could take the form of working long hours, putting other aspects of your life aside for business, or uprooting your entire life for a short period to escape the rat race.

You can be proud of what you have achieved in a short amount of time, this is really impressive!

Our lender has informed us that we need 12 months of rental history to use the actual rent for financing purposes, or we must rely on the appraiser's fair market short term rental value.

For this post, the long story short is that no cats were on the application but lo and behold, there are 4 cats in the house during my first inspection.

They get a higher return since they are covering housing cost, have the $250k per spouse primary residence deduction in gains, is a savings account, higher leverage position, lower interest rate possible, will pay more premium for location, etc.House might be overpriced for REITs but not for home owners.  

The idea is to leverage pre-existing networks in a way that builds instant credibility and gets responses fast.If you want to implement this strategy, here’s a link to the exact resource we used:👉 Spreadsheet Link Here (just make a copy for yourself)I also recorded a short video walking through how we set everything up, but since BiggerPockets has rules against sharing that kind of content, feel free to DM me if you have questions on execution.Anyone else using creative co-living marketing strategies that are working right now?