Quote from @Jerry Velez: Hi Community,I have been thinking of some creative financing ideas and this one has been intrigued.

Hey all my name is Laurence I’m a brand new member of np I  live in Orlando fl I’ve listened to about 100 episodes of the podcast I have zero real estate experience I’m looking to buy my first property to house hack this year I have a decent amount of money in the savings account I could use for a down payment also have a good credit score I don’t have a high monthly income unfortunately but just looking for any advice or tips or friends to bounce ideas off I’m debating which market would be better between the central Florida area or the Tampa area I also would love to get involved in flips at some point 

It uses a simple 4 digit code and tenants love the idea of not having to use keys.

The idea of LTR in SFR is in my opinion the best place to start. 

Once the property owner was paid off, $1.7M was distributed to us by the escrow officer.

Use three of those to give you an idea of what your property will sell for.Sometimes, I'll do a quick and dirty comparable analysis by averaging the value values from Zillow, Realtor, and Redfin.

They said they'd accept a 6 month term instead, but they're not being very forthcoming about what their sales record has been (I asked for the last 12 months just to get an idea, but they ignored the question :( ) and I'm getting a not-so-great feeling about working with them....The home is 2-stories, attached garage, 4bd 3ba, 2269 sqft and sits on a corner lot with a huge backyard (lot is approx .13 acres or 5662.8 sqft).

Good Morning,I recently moved to Maine from working overseas and am enthusiastic about the idea of flipping homes in the area!

This would raise our mortgage by ~ $700/month, which is a lot, but still makes our total mortgage payment well below rental on a 4bd, 2 bath.So, my question for the great minds of BP is, is this a good idea?

Neighborhoods there are usually in better shape (although Baltimore is very much block by block), and in my opinion, the quality of the tenant pool is much better.Oh, and great idea checking out the properties in person—the pictures you see on the MLS can be very deceptive lol.