Used this line of credit to make a full price cash offer on a 350 square foot home (cabin) sitting right off Kentucky Lake in rural Western Kentucky. 

BINGO, a property!

For example, I would hope to rehab the garage into a 1 bed/1ba 500 sq foot unit, rent it out, refinance my home, and then (hopefully) pull most of my construction costs back out of the deal. 

Deferring taxes until a later date (if I choose to exit the properties in the future) What if your taxes foot print is very small and you could have 1mm to pay off debt and purchase homes. 

I just want to start off on the right foot.

These are low square foot areas.

The costs per square foot seems to be so all over the place and nothing that is general to even get to a starting point.

Hello bigger pockets I have a situation right now I’m getting preapproved to buy my first property I have a wanting to get a 2-4 Multiunit for my first property under fha I was looking to get approved for 325000 but I only got approve for 200,000 (I am still applying) But I have a friend who also wants to get intoThe investing scene and I was wondering just waiting another year and for this year maybe flip homes to increase the amount of money we have together and potential do brrrr so we can slowly Accumulate a small portfolio and keep going for their The first Plan was for us to buy a home under fha each and from there acquire more property from therethis plan we just want to get our foot in the door and take it slow The other plan is jumping straight in and taking everything and adjusting as we go So wait to hear some suggestions which plan you would do I am greatly appreciate any device anybody can give me thanks

@Eli Ziegler I’ve found adding square foot or Rent to own seems to be the best way as of now with how fast prices have risen.

As my old granpappy would have said - 1031 exchanges are going 2 miles deep in a two foot wide creek.