Because, house hacking is comparatively simple and beginner-friendly (and therefore has the highest likelihood of success), but strategies like BRRR'ing, flipping, wholesaling, etc. are far more complicated, and have a far higher chance of failure because they involve so many "moving pieces".I always use this analogy: would you tell a beginner skier who has zero experience to ski a double black diamond (the most advanced terrain) for their first run?

Obviously the answer is no.Another consideration is if you do OF and don't want to risk immediately being cashed out then you need to ensure your terms include a pre-payment penalty.

Hi BriannaGreat question and yes DSCR is a very good loan for this, I am an investor too, and this is really the way to go for your situation, can you let me know the info (your credit score, purchase price, as is value, zipcode) and i will tell you how much money you need to have for this deal and what the rates would be, just so you know most of these loans come with a pre-payment penalty but you can buy them down to be for example 2 years instead of 5 years

Rates are bad for investment properties and my income and credit is too strong for me to ever consider hard money… my current approval is conventional 20% down, APR 5.95 @30 years, ZERO Points and only $850 origination fee.

I’m really needing some guidance and advise for a property that I own in Colorado ski town.

The potential for Airbnb income being in close proximity to 3 local ski mountains, extensive hiking trails right off the property, and it's on a river which is great for fishing and kayaking in the summer.

My wife and I are thinking about building or buying between  the Ski Resorts and Asheville.  

@Timothy Yost just looked up current interest rates and apr was over 7%.

@Sydney Rae- meet with a local loan officer and get  a pre aprpoval started  - the process is free and  once you  get started  - you can  revise  strategy as many times as needed ...this process  will be  educational and  also  will get you prepared to  be able to  make an offer on a property

I currently have a pre-approval for 700k and am looking to find a multi-family unit with one apt. to live and another to rent out.