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.

Or buy something that needs some love and some hard money lenders will fund up to 90-100% of the purchase and rehab.

While imo this is unfair, extreme and just plain incorrect; the detractors do rightly point out that (1) the seller remains liable for a mortgage note secured by a property they no longer own and (2) as long as the note remains outstanding the seller’s credit capacity will be impacted negatively, often resulting in the inability to obtain a mortgage for a home purchase.  

Process is simple. 1. purchase contract2. send contract to title company3. bring cash to closing and you're done

Purchase price: $270,000 Cash invested: $54,000 A multi-family upper/lower duplex in Ankeny found off-market during COVID.

The knowledge gained from the podcast helped me purchase my first three investment properties, and a piece of land.

We are seeing much longer wait times on purchases to be cleared for disbursing funds than refinances.

Most work like this: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

I currently have a duplex and the first support needed will be taxes for 2024.My goals over the next year are to purchase another 2-4 unit complex as well as establishing a long list of leads and maybe getting under contract for a fix and flip.

I am learning a lot about real estate and want to purchase a rental property in my area.