Their personal income doesn't support the purchase, but the income from the property makes the deal work. 2.

We lived in it for a year, remodeled both units and put in place a long-term tenant on one unit and a mid-term tenant on the other.Here's a little more details about this deal:*   Purchase price: $163k*   Financed price: $132k @ 7.625% APR*   After repair (estimated value): $225k*   Gross rents: $2150 ($750 one year lease & $1400 six month lease)*  Annual taxes and insurance: $7000*  Approx credit score: 650 (I used interest free credit card to pay for remodeling this property and maxing it out caused my score drop almost 50 pts!) 

From there I was able to pursue other strategies, including purchasing my primary residence.

So, if the SFH was purchased for $400K and the ADU cost is $100K is it in fact raising the property value by $100K?

.: Hi,I have been doing private lending for a very long time, most of time first lien, some time 2nd lien also.recently came across a situation where first lien is already there on property and there is clause than 2nd lien can not be done on property.Investor(borrower) giving me option that we can prepare a new document for "Equity pledge" this mean conditional equity in property if there is default.I never heard this thing before.any one any input on this.Thanks in advance.A simple way is to purchase an option on the property.

I have purchase properties in Texas with foundation problems that would make people run in fear in other parts of the country. 

My goal is to house hack my first home purchase.

Purchase price: $235,000 Cash invested: $39,000 Bought as a primary residence, once we moved out we have begun renting both sides.

Hello, I purchased a home last year and looking to buy another home soon.

Here are some details;Purchased: 131k in 2014 Occupied the home until a little over 1 year ago, my ex currently lives there.