The loan was for a 12-month period as the build was estimated to be around 10 months.

By August 2023, I packed up my introverted self, moved to paradise, and two months later—BOOM—homeowner status unlocked.

They all think they charge too much and don't do enough. 

So if I do a good analysis of the property (including all the costs) and the property generates monthly CF with a DSCR above 1.1, I would be removing a big risk because the numbers add up.

At $5k/month with a 40% expense ratio, you're at a 21% cap..

Quote from @Ivan Castanon: For the past 6 months I’ve been looking for houses (both SF and MF) that can produce at least a little bit of cashflow with around 20% - 30% down.However, I’ve started to realize that this is pretty much impossible these days.I currently have $110k sitting in my bank ready to be invested but I just can’t find anything that will at least produce a 3% COC return.

We negotiated it down from their original asking price of $1.8M but it needed to be a cash deal because the building was 50% occupied and of what WAS occupied was month to month office tenants.

I net about 3.5-5k a month(depending on airbnb) after all expenses including my primary residence and utilities there.I have built up a good amount of equity in the houses due to the renos I've done mostly myself and also from buying low during covid.

My wife and I are new to the forum and have been listening to the show over the past six months, and we have been motivated by all the success stories from you all!

It was usually for a month or so and if they had funds, I let them in.