Look into a DSCR loan that uses the property's cashflow instead of your personal income to qualify.This is a tax free move as you are using debt plus you still benefit from all the benefits of still owning the first house.Your future self will thank you for stacking houses this way as your cashflow and equity will build up over time creating long-term wealth.To Your Success!

Can any builders/developers share their experience getting started or which route is best to take in the current market?

I am very interested in starting this strategy as well as my others

🎉 I remember when I was starting out in real estate, feeling a mix of excitement and nerves.

Are you looking to build a larger portfolio and capitalize on velocity of return, or buy a couple solid properties that really pay off in the long run?

It does not matter if it's your mother, brother or someone you do not know - the moment you start commingling funds is when you star getting into securities. 

I started BRRR several years ago and found that I love it, and I am wanting to jump in with both feet.

I'm particularly interested in understanding:- Key renovation aspects that meet Section 8 standards- Common pitfalls to avoid in the process- Any specific features or improvements that are highly recommended to facilitate a smooth inspection and tenant satisfactionAny advice or a checklist you wish you had when you started would be super helpful.Thanks a lot! 

With the new Affordable Homes Act , come Feb 2nd 2025, you can build an ADU by-right and also use the ADU as a long-term rental in Massachusetts.

Their pricing starts at $59/mo with a $29/mo introductory price for 2 months or so.