Pulling Equity will affect CF in the short term, but may allow you to leverage into additional units adding cash flow & equity over time.

It gives you the chance to explore market trends and potentially make a profitable move.

We're interested in small B/C class multifamily properties (2-4 units) in the $200-$325k price range that has potential to reach 10% COC, with special interest in exploring hidden value opportunities via renovations/upgrades.

I had just received a 30k down payment from another owner financed deal and I wanted to get a “second home” and get some additional rental income.

As usual, hat tip to @Bruce Woodruff who always nudges me to explore something new and learn more about it.

To overcome this, consider widening your search to surrounding areas, exploring different property types like condos or townhomes, networking extensively with local real estate professionals, and thinking outside the conventional options, such as renovating older houses or adding accessory dwelling units (ADUs) on your family's property.

Hi all, Next week I'll be in Miami and and surroundings, exploring opportunities for BTR and spec homes.

Assuming I could qualify financially (primary income plus FHA allowed rental income contribution from additional leased units), when I become the owner of the property, would that prevent me from using a FHA 203b to house hack a second property?

. ;) In addition, you may close on a lease/rental, you usually get commission in the entire lease term.

1.Explore tax incentives or financing programs: Look into potential tax incentives or financing programs offered by the local or state government for affordable housing developments.