It all really depends on your overall situation and your investing strategy.

What other kinds of loans or financing strategies are available that don't involve using too much of your own cash?

As raising rents often comes with an increased vacancy exposure risk with renewals, it may not always be the best strategy.

5 Tax Mitigation Strategies Every Real Estate Investor Should KnowAs a real estate investor, every dollar you save in taxes is another dollar you can reinvest into growing your portfolio.

I've read BiggerPockets' Real Estate Investing book and am particularly interested in the house hacking strategy, as I'd like to move out of my current living situation.Our main dilemma is choosing between a single-family home (renting out one room to a close friend) or a multifamily property like a duplex or triplex.

We still use the BRRRR strategy in Jacksonville, FL.

It’s clear that there’s an incredible wealth of knowledge and experience here, and I’m excited to continue learning and growing with this community.I’m looking to connect with members who are open to mentoring or collaborating on real estate deals, particularly in buy-and-hold strategies for single-family or multi-family properties.

However, unless you're doing this as part of a BRRRR strategy, you may end up paying closing costs twice and incurring unnecessary interest on the HELOC prior to refinancing.Additionally, conventional loans often have seasoning requirements of 6-12 months, while DSCR loans typically require only 3-6 months.This post does not create a CPA-Client relationship.

Andrew will give you some great guidance on investing in Texas regardless of your exit strategy.

Using a DPA program mixed with a FHA loan can be a winning strategy for those looking to buy a home, live in it for a year and then rent the property out afterwards!