Considering purchasing a 3 bedroom/ 2 bath condo for STR/ Airbnb in Killington, VT.

Purchase price: $100,000 Cash invested: $28,000 4 unit: 1 bed 1 bath each. 2 upstairs and 2 downstairs. $475 for 3 units $450 for 1 unit.

Hi everyone,At the end of July, my girlfriend and I successfully purchased our first house hack! 

Hello Ilya,Where are you looking at purchasing your 1st property.When converting a property from a single family to a multi family, you will need to check on the zoning requirements, depending on your location, not every location has zoning.As far as lending goes, it is far easier to finance a single family up to a quadplex, than financing 5 plus units, the DSCR Market for 5+ units is extremely low right now, and there are few if any lenders in that space.For financing 1-4 units, there are Millions of dollars chasing those loans, so you can easily obtain long term financing, at rates between 5-7%.Please reach out if you have a property identified, and I can help you with financing options.

I recently purchased an investment property in Montgomery, AL—a 5-bedroom property close to a major hospital in the area.

Sale price: $325,000 Bought my first property 2020 for my primary residence and was able to purchase another property in 2024.Moved into the new property and converted my 2020 property into a rental.

Purchase price: $850,000 Cash invested: $140,000 Sale price: $1,476,500 Source: Cold Call12 unit multi familyPurchase: $850kLoan 1$250k 1st position loan (down payment to seller)2 yr balloon,12% interest onlyLoan 2$600k 2nd position seller finance3yr balloon, 0% interest, 30 yr am, 8 month deferred paymentsThree 4 unit buildings.

Purchase price: $250,000 Cash invested: $15,000 Sale price: $385,000 This triplex is my first deal.

Purchase price: $33,000 Cash invested: $6,000 3/2 on a quarter-acre lot in a rural setting.

You are already at a disadvantage because there are quite a few buyers who want to purchase directly from an owner rather than engage with a wholesaler.