It’s a popular way for new investors to dip their toes into real estate because it allows you to generate rental income while reducing or even eliminating your monthly mortgage payment.While house hacking can be done with single-family homes (by renting out rooms), multifamily properties, such as duplexes, triplexes, and fourplexes, take the concept to the next level.

We removed a few walls and made it an open concept home.

A lot of this type thinking is a result of the individual having no understanding, or conception of interest, principal or “the time value of money”.  

The terms like the 70% loan-to-value (LTV) ratio and 3% origination fee you were quoted are standard but can vary depending on the lender.

They sponsor biweekly webinars, where they encourage Q&A on many topics in the Fix & Flip landscape.The draw process seems standard (what you would expect) and makes sense.

.$178  -  TCL 43” Class Q5 4K UHD  Roku TV - https://www.walmart.com/ip/43-HDR-QLED/7655563299$5.00  -  Sertapedic Dreamloft Bed Pillow, Standard Size (20"x26") - https://www.walmart.com/ip/seort/5493381861$228  -  TCL 65” Class S4 4K UHD HDR LED Roku TV - https://www.walmart.com/ip/seort/5830084914$50  -  Gourmia 6-Slice Digital Toaster Oven Air Fryer - https://www.walmart.com/ip/GOURMIA-6SL-TO-W-PRO/5650052853$178  - Hisense 55" Class R6 Series 4K UHD Roku TV - https://www.walmart.com/ip/The-Hisense-Roku-TV-R6-Series-pac...$50  - Gourmia All-in-One 14-Quart Air Fryer - https://www.walmart.com/ip/GOURMIA-14QT-AIR-FRY/5466948866$25  - Crock-Pot 7 Quart Oval Manual Slow Cooker - https://www.amazon.com/gp/product/B003OAJGJOOk, so as you can see, the algorithm grabbed up a bunch of Walmart deals this time around.

However, be prepared for the properties to meet certain health and safety standards, as Section 8 housing requires regular inspections.5.

We often take over "turnkeys" and find them a bit of a mess.That's why we started doing BRRR Turnkeys for our clients where they buy a fixer-upper and we renovate to THEIR standards, find a tenant and manage for them.

Wall removal is better for sale usually for open concept, and sometimes for rentals, but if you want more occupancy (potential rent by room) removing walls restricts that.

Hey @Devon Moore not sure where or why you'd lean towards a land lease unless that's standard for this developer.In my experience its difficult to capitalize deals with ground leases involved.