Examples includes a Newport six plex for $645k, Two small detached homes on a single lot in Lakeside for $237,500 and a north coast duplex with very large 3/1.5 units for $560k+/-. 

Seek out locations that are undergoing gentrification, development, or expansion where property prices may increase over time.Creative Financing: To fund your local deals, consider unique financing solutions including partnerships, seller financing, or private loans.

In today’s high rate market, 1% ratios do not cash flow at high LTV in most markets.   50% expense ratio $2550. 80% financed at 7% (OP indicated and does not include the plumbing) P&i $3,332/minth. $5100 - $2550 - $3332 = -$782/month after achieving market rent.  

I’ve built a portfolio up to 250 units, including 100 single-family homes using the BRRRR strategy along with lease options over the past six years.

Ask questions, get to know the renters, and document the condition of each rental so you have a record from that point forward and can hold tenants responsible for damages.Your offer to purchase should include a requirement that the Seller provide all documentation and agree to sign an estoppel certificate (also called an estoppel form or agreement).

Before the Karens potentially in this thread get self righteous I am not providing legal advice and @Adam M should retain proper legal counsel to prepare all documents associated with this syndication including compliance with SEC regs. 

This does not include closing costs from your purchase. ($133,500+closing costs [est 7,000]=$140,500/.75 [75% LTV]= $187,333).The second way the math will affect this deal is that HELOC payments are interest only and first mortgage loans pay principle and interest, in other words, they are amortizing and your payment may increase.

https://www.wlky.com/article/louisville-zoo-expansion-trains...Tourism is the second largest commodity in Kentucky. Bourbon Industry is set to outpace Napa Valley! We are blowing up! 

4. complete your BP profile - Include website links, social media handles, or other online profiles so that people can find you.

Under the definition of private lender you proffer we would not be included at this point, despite the fact that the borrower is getting almost exactly the same thing as when I was lending only my own money.