Hi, I'm seeing a lot of great opportunities for houses that are up for "auction". These homes are cash only deals though. Without having the cash on hand I'm wondering if a private money loan is the only type of finan...

Should I pull the trigger on a investment property now or should I wait until I graduate college to purchase something?

Eric - See below for my initial thoughts:- The ARV seems a little low for my liking relative to the initial purchase price and renovations.

Rates for DSCR on a purchase today with good FICO should be in the low 7s so just run Market Rent Divided by estimated PITI and if you're above 1.0 then you don't need to worry about the appraiser's opinion of that basement (my gut says appraisal gives no credit to projected rent out of the unfinished basement... but perhaps it doesn't matter?)

I am considering taking out a HELOC on this property to purchase another property closer to my primary residence.

You can meet flippers at meetups or try to obtain a list of people who have purchased houses for cash in your markets, then call them and see if they are interested in more.

I have been living in a duplex househack that I purchased in 2021.

Purchase price: $60,000 Sale price: $87,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Mark Raby, successfully completed a deal on Garfield Street, Sioux City, IA.

Next came what I would call 'land speculation' (SDIRA purchases unimproved parcel and subdivides or does site improvements, then cashes out) followed by a distant last place - rental investment.

It's difficult navigating the home purchase process in general, but a lot of more difficult buying something with costly surprises you didn't plan for.