I was just thinking today there was all this excitement about VA loan assumptions there for a while when interest rates started going up. 

Seller is the Agent.Seller bought property in January of 2023 for $730,000Current “As Is” Value : $770,000Target Acquisition Price: $730,000-$780,000 After Repaired Value: $900,000Repair Estimate: $120,000Initial Offer Amount: $715,000Loan Program: Bank Statement Program.Total Estimated Monthly Payments (Principal, Interest, Taxes, and Insurance) $5500/month (based on $770k purchase price)Estimated Gross Yearly Income from Short Term Rental: $160,000 (65% Occupancy, $700 a night| (STR Listing Comparable properties Listing 1 Listing 2 Listing 3)Net Monthly Income after management and taxes: $11,751.25Net Monthly Income after Mortgage Payments: $6251.25 ($75,015) Per YearTotal Cash Investment: $297,000 ($177,000 in down payment and closing costs and $120,000 in repairs)Average Yearly Return on Investment: 25% yearlyAverage increase in property value per year: 5%Average increase in booking revenue per year 7.5%Property Value average after 10 years: $1.5 millionTotal Cash received over 10 years: $1.3 million.Total Equity multiple min over 10 years: 6x total return on $297,000 invested.

Feel free to comment or DM me—I’m always excited to talk real estate!

So, I am truly coming into this blind... but excited and optimistic and ready for a new challenge/adventure!

Any advice would be helpful as I'm just starting out and am very excited for this whole journey ahead!

I'm an investor and a licensed mortgage broker who has done fix and flips both using my home's equity and borrowing against the investment property.If you (1) have enough equity in your home to fully fund the deals, (2) don't mind tying that equity up for these deals vs saving it for a rainy day and (3) are ok linking the place you sleep with the success of the flips, this could make sense.We offer a ton of different fix and flip programs including putting 10% down on the purchase price and funding 100% of the rehab.

And with brokerages now offering new agent programs where they will pay 100% of the expense to get licensed, there is literally no reason not to. 

Response for Dalton Foote: Hey Dalton, That’s an exciting goal for 2025!

June 27, 2024 at 4:21:30 PMSecured Note I 17°/o Interest I 12 Month Term My partners and I are raising $5 million of short-term expansion capital for the MoneY.Is Mastermind, our exciting and profitable growing business.We have roughly 1,900 paying members with a current valuation of $43 million.

And have you looked into the link below, the Invest Southwest program?