We just converted our first income property from an Airbnb to a long term furnished rental.

Purchase price: $125,000 Cash invested: $38,000 Our Mission: Provide Better Homes for our Veterans and those most in need, while providing high return for our investors. $38k Investment I 12% Annual Priority Return I 25.7% IRR I 2.9x Multiple I Hold Time 5-7 years What made you interested in investing in this type of deal?

@Maxwell Hinesmakes no sense - you'll be negative and never be able to pay the HELOC draw back with the cash flow you don't have from the house

This is likely to be an area I would like to stay in long term and build a portfolio.I did the @Dave Meyer live pro workshop to find a market and have the following insight.

Until builders can catch up and create millions of homes, I think we will continue to see huge increases in sales prices, however, the lack of sellers means numbers in terms of how many houses sold will continue to go down driving prices up even higher

If you’re in in for the long term, please consider jumping in now to build your team and your base of investors.Happy investing!

Buyers are taking advantage of opportunities, with the median sale price increasing by 3.2%, now sitting at $640,000.But cash deals are down—just 21.6% of homes were paid for in cash, a 22.8% decrease from last year.

Determine a goal you’d like to work toward financially, is it “financial freedom” (whatever that means to you), buying a business, becoming self employed, becoming a full time real estate investor, having enough cash for your kids college education, having enough to retire, becoming a centi millionaire, etc.3.

The timing of the sale at $315,000 shows how combining a long-term hold with a flip can be a highly effective approach in the right market.

So, you should be looking to understand the labor and material costs.Material is usually easier:Anyone you hire will need: drywall patching materials, sanding blocks & paper, primer, paint and the corresponding paint rollers and brushes.Labor may depend on level of skill:How long will it take to prep, patch, sand, prime and paint?