Thank you, I mean if one gets a loan to buy a home and rents it out so the renters can pay the mortgage while the investor keeps on buying homes but all are loans not purchased in cash, exactly when will the investor see a profit , seems like it will be a while.

@Joseph I don't have anything in Las Cruces, but I do have some off market turnkey cash flowing homes in El Paso!

I want to get tips on the steps to obtain a hard money loan.

Could anyone provide advice on the most cost-effective way to construct this and tips on estimating the total cost?

We lived in this home for 2 years prior to selling.

Purchase price: $95,000 Cash invested: $30,000 Sale price: $173,000 Purchase price – 95,000Closing costs at purchase & sale - $6800Total renovation costs $21,935Sold for - $173,000Total profit – $49,265https://www.zillow.com/homes/11311-marbern-dr-hagerstown-md_rb/37683475_zpid/https://www.realtor.com/realestateandhomes-detail/M5889931134https://www.redfin.com/MD/Hagerstown/11311-Marbern-Rd-21740/home/15360019 What made you interested in investing in this type of deal?

I'll look into DSTs. thank for the Tips

Hey Tyler, congrats on digging in and drilling into details for funding your first home & investment!

Over the years I’ve developed relationships with contractors to call when there is an issue with the home.  

If interest rates remain above 6%, we could continue to see homebuyers and home sellers coming to terms with the ‘new norm’ in mortgage rates.