I also require:Rent + Monthly Debt <= 45% of GROSS monthly incomeExample: So, someone making $6,000 per month ($72,000 per year) meets the initial income requirement BUT if they have a $750 car loan, $250 child support payment, and $250 credit card payment $1250 total then $1680 (rent) + $1250 (monthly debt) <= 45% x $6000 (monthly income)$2930 <=$2700 (DENIED)

The financing cost behind hard money are usually more expensive than taking out a HELOC.

@Matthew Scott go check with the city and make sure you can do it before you invest any time and money into it.

Id guess a current appraisal would be somewhere 150-170k depending on how nice the units are cleaned up.I know I am not factoring in appreciation, the plan was to purchase in cash have decent cash flow as a better means to invest money that was not doing much.

The business is losing money each day without a functional office.

:Might as well go for it most tenants in c class areas are nuts anyway so the extra rent money is icing on the cake  LOL!

Wholesaling is putting a property under contract, assigning it to someone else to close, and then making a spread (money) for being the conduit.

I’m an active STR owner/ operator with 2 doors. Used personal funds for literally everything. Never want to do that method again. Any advice on how to execute this? Just came out of a in person event with pace morby a...

Our Playlist Beta Membership gives you access to the following: 🔐Unlimited audiobook downloads of 37+ real estate investing and business books🔐Unlimited ad-free podcasts including Real Estate, On The Market, Money, Rookie Business, and DailyI'm sorry for the confusion and would be happy to clear up any more questions!

Pick a type of property you can afford and think about making money through rent, the property's value going up, or both.