The units were in rough shape before we worked on them, but after the work was complete it turned into a good first investment.

Start by leveraging what you already have—consider tapping into equity through a HELOC, house hacking again with an FHA loan, or increasing cash flow by converting a unit to a short-term rental.

Purchase price: $715,000 Cash invested: $297,000 Current Price: $830,000 (originally $950,000 on 4/13/2024, reduced by $120,000 in 6 months).

The park needed a lot of work and we worked hard to turn the property around.

They’ll be essential in helping you navigate challenges and scale efficiently.Since you’re planning for 2025, now’s a great time to start networking, analyzing deals, and learning about financing options (especially if you're a first time flipper..). 

Quote from @Alex Tang: One of my rentals was heavily damaged by a fire after Thanksgiving. 

I have personally invested in both turn-key and value-added properties. 

Two other things to note about #401kloans:Possible benefit if the stock market turns south, the money outstanding against your 401k loan is no longer invested into the market! 

I was hasty due to the higher mortgage rates, and it turned out to be a huge mistake.

And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?