This gets you the best of both worlds by pulling the equity out of the house AND keeping the property to rent. 

Purchase price: $470,000 Cash invested: $60,000 Sale price: $440,000 This was my wild ride into the world of real estate.

Or Friday still, depending where you are in the world. 

As your paradigm shifts so will your world of opportunity! 

Dear BP members,I'd like to start small European community here on BP.I spent whole my adult life in investment world building investment firms from scratch and growing them.

I wish new investors would take time to establish their own personal finances before trying to navigate the complicated world of real estate investing.At minimum I would advise new investors to have the following:1.

I totally understand that real estate is not a passive investment, I've worked exclusively in the multi-family real estate world for the last 10 years and I would be the one findings deals and handling the day to day  Unfortunately, they are old school and don't talk about finances with the kids.

If the place looks easy to make renter ready, I'd offer to help him with cash for keys.There are foolish and bad people in the world, sometimes in charge of passing Ordinances, sometimes who are tenants, and who blind themselves to all I and other landlords do to help tenants...  

If investing is not your thing and you simply want to buy real estate for yourself – your world just got a lot simpler.

I want to start out with the world famous ‘house hacking’.