As I started out in my Broker business I realized it was going to take me a while to get things up and going because I was going to have to do everything manually, even though the company that I received my training from has a phenomenal software program that can help completely speed up and automate my entire business, the problem is I just don’t have the funds to be able to afford that software (it is quite expensive upwards of like $4K+) so at the moment I just don’t have the funds for that right now.

I knew there was work to be done but thought taking on a house hack AND rehab would speed up the learning curve.

A peak back shows that the current owners tried to sell it multiple times in the past without success, they originally purchased for $80k and had to put repairs in according to the listing agent.The Dream: ALL the other houses in the area have been renovated/replaced.

willing to pay more for reliability and quality and speed.

The extremely low inventory and massive demand are creating median list price appreciation at warp speed levels.

You do NOT need to be an agent to invest, but it definitely speeds up the process. 

Lots of people were saying the market had peaked in late 2019 & buyers were overpaying for deals.They weren’t wrong (just watch how many class C deals end up as NPLs & REOs in 2022/2023) but I still bought a great property at a great price.The fact the market is in a bubble doesn’t mean YOU have to participate in the bubble.The fact of the matter is that when prices collapse like they did in 2008, you can blindly purchase almost ANYTHING & you’ll do alright, simply because a low basis compensates for so much. 

Biggest items to be aware of when new to hard money.Probably lender reputation/reliability, speed, cost of capital, and leverage.Below is a non-exhaustive list of items you'll likely want to dive into;1.

I do feel like this will be the last time it’s this affordable 😅 as properties are moving lightening speed.

The goals you have influence your decisions and they determine, largely the metrics you choose to use to guide your decisions.Briefly - it's a seller's market here right now - virtually every SFH I've either sold or bought has been a multiple offer situation in the past 10 weeks - inventory is historically low and rates are low and prices are projected to continue to rise over the next year at least in the SFH sector so selling right now - all things being equal would be relatively easy which could stabilise a 1031 situation - however if you plan to buy in a tight market ( Oregon) that would compromise the original impetus to increase cash-flow.It is entirely possible to manage a small remote rental yourself if you have support locally and want to maximise cash-flow - 10% of $2150 = $215 + $120-170 extra from refinancing if you do not extract any equity = $335 - $385 extra revenue per month if you harness the PM fee and the reduced mortgage payment.If your objective is to grow your portfolio then you might want to leverage the hot SFH market here and sell - maximise your selling price ( good Realtor and good target market asset positioning) and invest in a below market Triplex that you can force appreciate and set yourself up to pull the equity in a refinance event later down the line, collect good cash throw off and leverage the asset to speed up your portfolio growth...plus owning a MF builds your lender credentials more than a SFH if you want to scale up in the future.I always have my clients clarify what their primary goals are with their investment portfolio - it matters and it really helps you to get clear so you can recognise what a good opportunity is for you.