Purchase price: $342,000 We purchased this home in 2021, lived in it for two years and then started renting it.

Purchase price: $330,000 Cash invested: $20,000 Sale price: $399,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a fix-and-flip on Tip Top Road, Mariposa, CA.

Hi @Rachel Payton, The house you are looking at purchasing, does it have a separate space set aside solely for the business or is it a "single family" type home that will just serve as a home office? 

Any transaction where the rehab exceeds the purchase price is a red flag for the lender, when you add rural, extraordinarily small size, and combine it with a very small loan amount you create a tough situation.

An ABNB I stayed in last winter was bought the previous year for $525k, that buyer then put it on the market for $525 less than a year after their purchase--today that asking price was reduced to $450!!!

Great place to live -- not so much when there is little to no leverage to purchase my own home, burn rate goes very quickly, or perhaps I don't know enough.I follow Brandon Turner, BiggerPockets, Grant Cardone and have attended both his Real Estate and Sales & Marketing talks.I would like to get into real estate to one day either purchase or build my own Home Recording Studio.

I am looking to purchase a small multifamily for my first house hack in RVA early 2025. 

Purchase price: $580,000 Cash invested: $75,000 Townhome in the highly desierd Rosemont area.

Why not just purchase it yourself?

Hey Anna, Unfortunately without any credit history here in the US, most DSCR lenders are capped at 70-75% of the initial purchase price.