Investment Info:Single-family residence buy & hold investment.

Quote from @Chris Babb: Hey, BP Family!

I buy my STR's for fun so that I have cool places I want to go to for my family that pay for themselves and make some money.

Investment Info:Single-family residence fix & flip investment.

Hey Khaled, I have a PM who focuses on multi-family and has high praise from my clients.

For instance, knowing the income limits, family size requirements, and the types of properties that qualify can help you make more strategic decisions.

Initially I really wanted to do a STR down in North Padre Texas (as it is a place I have vacationed for years and have stayed in at least 8-10 of the STR in the exact complex im looking into, I see how my STR could stand out amongst the rest since Im huge fisherman down there and that is mainly what those STR are used as, already have boat rental option setup if I go this route, list of fishing and possible guides to go with depending on style of fishing, family, fun, hardcore wade fisherman etc etc and equipment rental available for those that do not have.), the places im looking at are decent $ properties that after running through calculators etc showing 18-22% CoC after management fees etc.But after listening to BP for about a month, now thinking BRRRR possibly and doing up here in the DFW area.

If you can only find a single family home and nothing with a garage apartment in your price range, I would look into renting the home by the room while you live in it, if you would be comfortable with that. 

Hey Chris - It's awesome that you're taking steps toward building something for your family!

Investment Info:Small multi-family (2-4 units) buy & hold investment.