Purchase price: $307,000 Cash invested: $118,000 Purchased in January 2021, we successfully renovated this home to create a premier vacation rental property.

I have 8 properties and 31 doors a W-2 and several other investments and my long term accountant charged me $1600 this past year.

Purchase price: $307,000 Cash invested: $118,000 Purchased in January 2021, we successfully renovated the interior and exterior of this home that resulted in a premier vacation rental property.

The FHA househack strategy is fairly common and pretty straight forward, a lot of people have been using this and/or the conventional househack (myself included) so have been on both sides of the table. 

-NationsIt makes little to no economic sense to do a renovation in this neighborhood.

HELOC is not what it used to be because HELOC rates are so high right now.

This is fantastic Austin!

Debt service on this is $2308/mo which seems really high.

Can anyone help with this? 

The problem with a cash offer using hard money is it still has to go through their underwriting and there is a 3 week turn-around, so the deal would fall through if something didn’t work out.