Purchase price: $145,000 Rental property, buy & hold, Las Vegas, NV

Purchase price: $117,000 Investment Property, Buy & Hold, Las Vegas

Purchase price: $235,000 Rental Property, Buy & Hold

If it was an investment property then some would consider it but it would still require 15-25% down payment - as some lenders will do 85% of purchase + 100% renovation but no more than 70-75% ARV.

Purchase price: $70,000 Sale price: $210,000 Purchased this property from family of the deceased owner , it was in bad shape and was full of cats and debris .

I purchased my single-family home in 2018 when I was single.

Here’s what you should know:You should purchase non owner occupied real estate in an LLC.

This is because we make our money when we purchase a home. 

@Mohsin Mazhar  If you decided to sell and purchase another property, a 1031 exchange would give you a larger ROI potential and save you from the initial tax hit.

I believe, they purchase their houses in better areas (better than ours) and a complete rehab, plumbing, wiring, roofs, walls, fixtures help with longevity.