My current agent suggested if it made sense financially, to do some rehab work to get the properties rent-ready, but I do not have the liquid funds to do so and sell these as-is.

I’m also in the process of launching a new home inspection company, which I’m confident will help me get back on track financially.

To avoid unnecessary liabilities, delaying acceptance or exploring a cash alternative may be the safest financial option.This post does not create a CPA-Client relationship.

I am a 37 year old high school basketball coach that is not very happy with where I am financially and am seeking a way out of living paycheck to paycheck.

So as long as someone gets realistic with the TRUE cost to  own and maintain and the numbers work it can work but I am a big proponent if your going to have these types of assets they need to be paid for to really enjoy any financial benefit.lastly I can say the same thing about new builds.. over the long haul unless there is REAL appreciation more than just 2 or 3% if you sell within say 10 years your going to be lucky to break even as your going to have to spend 20 to 30k making the houses fresh again to get top dollar a 10 year old rental is not going to bring top dollar and the value at that point will only be what an investors will pay for a given cash flow..

The information shared is based on my experience and industry knowledge and should not be considered legal, financial, or insurance advice.

Too bad you can't buy something owner-occupied, put 5% down with the best interest rate, live in it for 12 months (and fix it up), rent it out and repeat the cycle.Here's some other info you might find useful:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

This eliminated any financial burden for Archie Raglin, allowing us to focus entirely on executing a smooth and profitable deal.

As you might already know, house prices in New York are extremely high, which makes it financially difficult for me to try house hacking here at the moment.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.