One of the developers I work close with is getting ready to build 4 spec houses.

Thanks everyone.Annual T4 income: 250K380K in liquid investments.Principle property est. valued at 670K with 250k left owing and 155K heloc attached.Rental 1: purchased 2021 for 220K current est. value at 270K was a house hack with 5% down and $1600 monthly rental income.Rental 2: purchased 2022 for 280K 20% down current est. value 345K rental is $2000 monthly Rental 3: purchased 2023 for 267K with 20% current est value 310K rents for 2100 a month.

It has very favorable zoning laws, the land is buildable, and the area has a housing shortage.

My next goal is to implement the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) method, specifically in Birmingham, AL, and focus on Section 8 properties.With relatively good rehabs, I’m not looking to be a "slumlord"—I want to provide quality housing for tenants while also ensuring my investment is successful.I’ve heard mixed reviews about Section 8 tenants, but I’m eager to learn more.

It’s just like having your 5 houses, only all in one building.

Ideally, I would’ve bought closer to Huntsville or Madison, but the rent-to-price ratios just didn’t work for cash flow in those areas.This property is a 2,100-square-foot, 4-bedroom, 2-bath new build in a really good school district, which is what sold me on it.

You have to understand the market, neighborhoods, numbers, and realize the risks involved buying houses "sight-unseen".

So... the definition of a house hack, I guess.

As a licensed realtor, I have some buyer clients looking to buy a house in New York state.

Commercial RE is a bit more strict than the residential market which has more options available due to flexible housing regulations in place to make it easier for people to buy their primary residence.1) Family and friends.