Feel free to send me a message if you have questions, but in case you are interested in learning more about the private lending process here is a link to the book: https://store.biggerpockets.co...

Purchase price: $350,000 Cash invested: $12,000 We recently purchased a townhouse with a grant that covered nearly $20k for downpayment and closing costs.

I'm 8 weeks into a 30 day cash-out refi right now, and we are still not closed yet.

The rental income will more than cover the mortgage and still provide positive cash flow, which is rare in the California market, making this a great opportunity for us.However, underwriting has expressed concerns about us moving from a presumably larger home worth $606,000 to a smaller one worth $376,000.

I don't know your situation; if you have 6 figures in cash reserves and waiting to see what is next, go for it.

Or as the original poster put it- just don’t finance them and pay all cash, then you could do it with 40 luxury rentals at $10k a month.Now to rant - it’s great to have a goal, but start with one and see how it goes….

Purchase price: $130,000 Cash invested: $150,000 A buy, fix, refi and hold - after refi, we were $30k into the house.

@Hansel Barretono, you buy the 4 plex with a low money down loan, and live in 1 unitisn't supposed to cash flow, just offsets your mortgage with the rentsbut of course you can even rent out the rooms in your unit and sleep in the basement or on a couch or whatever

Most offer a free trial, so try it out and if you like it and it does its job, then go with what works best for you.

If you have any questions - especially about founding, feel free to ask!