My fiancé and I just purchased our first property, a duplex, and we will be living in one unit while renting out the other.

Here’s a brief breakdownof a few options:     Land Loans: These loans arespecifically designed for purchasing raw, undeveloped land.

@ Ned- Where did you purchase your first courthouse property? 

Just purchased a new home and will close on that home on 8/30/2024. 

Experience and expertise in your specific type of project (e.g., fix-and-flip, rental properties, commercial real estate)?

*Background: We want to purchase my husband's grandparents' house in MO that sits on family land.

Purchase price: $584,000 Cash invested: $116,000 This pet-friendly 3-bedroom, 3-bathroom house overlooks Aunt Patty's Pond and is adjacent to Dennis Pines Golf Course.

If so, which tools specifically? 

I would love a few tips to get started, "get my ducks in a row" before next summer, and be ready to either build or purchase a duplex, triplex, etc., to start a house hacking journey.

For a fix-and-flip scenario your max loan amount would be based off your experience and can go as high as a % or purchase although it is more common to get 90% as the loan size is typically restricted by the percentage of the ARV for that program.