Purchase price: $300,000 Cash invested: $300,000 Sale price: $400,000 This was my first property and decided to sell it get access to its equity.

At this rate I feel like I'll only find a property once every 5 years.

Banks that strictly follow Fannie/Freddie won't allow you to close in an LLC, but if you do a debt service ratio loan (this is nonQM, meaning not conforming conventional) you can.

(Roth's being an exception.)CPA Tom Wheelwright has a chapter on this in his book Tax Free Wealth and agrees with what I just noted. 

If you're starting out or already have a few deals under your belt, you'll find this community super helpful in refining your strategy.

ya absolutely. most people just recommend multi family because it allows you to offset your income while living there without having roommates. also they tend to cash flow better so if the plan is to do this year over year making sure the rents cover your DTI when you move out is very important.

This is incredibly helpful advice! 

Purchase price: $245,000 Cash invested: $50,000 This was our primary residence that we are lived in for 6 years while we fixing up and renovating. 1963 farmhouse that was outdated and loads of half a$$ work and deferred maintenance.

Logify is a terrible product but you PM should have something similar for you to see this info.

Purchase price: $101,000 Cash invested: $120,000 This is my first investment property and I’m hoping it goes well What made you interested in investing in this type of deal?