A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.The downside of using FHA or a FHA 203k is you will need to live there, for a minimum of one year (to satisfy FHA Requirements); AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC.

For most of 2024, we saw 5-6 months of inventory in the Austin area.Here are the December 2024 for Austin and the greater metro:Here’s a chart showing the median sales price of a single-family home in the City of Austin in 2024:The median sales price for a single-family home in December 2024 was up roughly 9% from the beginning of the year.

Most suburban cities have VERY limited lots and most of those are zoned R-1, meaning only a single-unit house can be built.In the City of Detroit, it's cheaper to buy one and rehab than build!

You want to find a balance of investing experience, but strong track record of multifamily sales (which you can see on their Zillow profile).

A good manager can improve performance for a mediocre investment; a bad manager will kill a good investment.

Quote from @Michael Moya: Hi Bigger Pocket Community - Looking for some insights and advice on loan options for single family homes under $120K.

I HAVE A SINGLE FAMILY 4 Bd 1 BaIn foreclosure under contract by owner and agreement with the lender to bring the mortgage current and consume loan under the same terms or to purchase. 

You’ve taken the first deep dive into investing—great job!

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Additionally, cost segregation and bonus depreciation can accelerate tax benefits.Because filing as single taxpayers limits certain deductions, planning in advance ensures you maximize benefits while avoiding complications.