Purchase price: $158,000 Cash invested: $35,000 Sale price: $250,000 This was our first house Hack that we added value to.

@Tom ThomsonI am not an attorney but my 2 cents is he does not have to return your earnest money in my opinion if he can still meet the closing date on the propertyI view it as you are terminating the agreement because you don’t like the house anymore

I'm in the Bay Area houses here are very expensive for me to start with. 

Hey Jose - if you're working with $15k i'd examine your local market to see if there is an opportunity to house hack if you want to work solo.If you're opening to partnering - I'd reccomend attending your local REIA meetings to see who is looking for a partner / capital.

If you are able to build an in-house maintenance team, having a useful shop and stockroom can save you/your clients a great deal in "road time" and other expenses.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $235,000

Rental Property, Buy & Hold

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $157,000

Sale price: $260,000

First Purchase

In 2023, 4.1 million existing homes changed hands, a level not seen since 2008 (which was effectively the trough after the housing crisis).

We flip about 50 houses a year and are looking to do more flips and wholesaling.

@James Coleman I house hack a duplex.