Now, maybe the location is not the best, you will have to do your due diligence, but follow my train of thought on this one. @ $700k with 5% down : you would need $35k : why $700k if this is listed for $600k Bc as an example: you could do a construction loan where you buy the home for $600k and use $100k for the ADU.

The expensive home may use better brands which might be slightly more but immaterial in this situataion.Where did you find this information that cheaper homes are likely to give more of a repair credit?

Just joined this group.

What made you interested in investing in this type of deal?

The focus should be on eliminating vacancy and avoiding chasing unreasonable rental rates, especially in the slower winter months.Here’s a chart showing the median sales price of a single-family home in the City of Austin this year through November:The median sales price for a single-family home in November 2024 was up roughly 8% from the beginning of the year.

I would only do this if you can find a quality property manager.

Purchase price: $219,000 Cash invested: $63,275 Buy and hold single family residence using a 203K loan What made you interested in investing in this type of deal?

I am new to this and would love all the help I can get.

I think you have to ask yourself what you're trying to achieve by refinancing at this point.

Do any of you use any app to do tenant placement on ad-hoc basis?