I do live in my building so my income from the other 2 units in the building go toward my mortgage payment.

Also, your subsidized (by the rent) mortgage payment is building equity every month.

The new project is a knockdown and new construction build.

By understanding and correctly calculating the numbers, finding the right properties, and building a strong team, you can successfully execute this strategy and grow your real estate portfolio.Good luck with your investing journey!

Thanks Account Closed i want to build at least a $7k/mo passive cash flow. so thinking MFH is the fastest and best way to do that. 

We are looking to set up one of the 4 units in the building we are buying in DC as a MTR and have some questions.1.

How long have they owned the building and what’s the current occupancy?

My suggestion as someone who currently has 6 fix and flips and 5 new builds in progress throughout Dade and Broward is to fix and flip anywhere the numbers make sense.

Particulars:1) 1st SFH rental property cash flows $400 and we have a 2 year lease agreement that ends in 2025. 2) 2nd SFH I currently live in, I would rent out and probably experience a negative cash flow of --$100 cash flow for first year, break even 2nd year, and build little cash flow moving forward.

As they create the debt after with your situation debt is already created so getting the banks blessing is paramount.I sold an office building i had to take back after the GFC my bank was good to me and kept my loan in place and I did what you did and sold to my Tenant..