(Not a live in flip) He also was wondering if he should refi his house, pull 75k out, pay the vehicles off and put the rest down on a new house. rent the original house out and take that money to pay the refi mortgage, the rent would cover the mortgage plus an extra 150 per month ..I’ve been telling him about refining his house and use that towards a BRRRR or some other real estate investing.

But she also has a roommate that cannot afford to pay the rent herself, even if I made her liable for the extra month, she wouldn't be able to pay the full rent.

His rent cash flows now and I don't mind the extra cash coming in for a couple of months until we rehab and refinance.Thanks

With 30 year interest rate at 4.53% and disappointing earnings or miss expectation coming the likelihood is it is getting harder to buy and put it on the market making a tidy profit. 

So if its an FHA you wont have to pay extra fees.

I'm actually going to look at some land for sale Tomorrow, maybe I will do a little extra driving around and find something not on the market.

Others earn 300-500k a year at their day job or more and it’s not an issue.

If you and your partner are also putting your own money into the deal, then you would earn a share of the 70% split also in proportion to your investment.

Acquire the business owner mindset now by doing and giving your future earnings purpose.

And knowing that there's no future returns or tax breaks to be had.Currently in North Dallas, I'm thinking about buying a house closer to work (Downtown Dallas) but anything even remotely decent is 35% and more of my monthly earnings.