Did you finance this deal with a local bank or credit union?

I financed this property using down payment funds from 403B and a local commercial bank.

Private Money or Hard Money LoanHow it works: Short-term loans from private or hard money lenders to purchase the lot and finance the construction.Benefits: Easier approval and faster processing, focusing on the property value rather than your income.Downside: Higher interest rates and shorter loan terms (typically 6-18 months).

If it crashes hard enough, it impacts your personal finances, your relationships, and even your mental/physical health.With the exceptions of politicians and so-called charities, building wealth typically requires sacrifice and time.

I tend to stay in my lending and financing lane lol Hi ClaytonMany thanks for the kind offer, Since this is a rental property, my living home insurance(which is way less even though my living home is value about twice the rental property) does not cover landlord insurance. 

With a 203k Renovation loan, you can also finance in your payments if you are doing a major rehab. 

Hi Sean,House hacking is a great way to gain experience while taking advantage of owner-occupant financing, which lets you buy in at a lower cost.

It’s important to do your due diligence on the specific properties and local market conditions to ensure they meet your investment goals.If you'd like more information on how to finance these types of properties feel free to DM me.

To thrive in real estate investing, you must maintain a firm grip on your finances.

I have two properties (exact same property just across the street from each other) one is a seller finance that is coming to the end of its contract for balloon payment and the other is a fix and hold Interest only loan that is also coming to the end of its contract for balloon payment.