But the power of a house hack is not from the cashflow after you leave, its in the immediate reduction of living costs you get while living there and the incredibly low down payment options you can use.  

Option 1: invest money Option 2: STR with Cost Seg Investment income on $1.2 M W2 income 25% tax on Income Money in the bank Value of my time Net Income on $1.2M STR $1M Bonus Depreciation W2 income 25% tax on income Money in the bank Value of my time ($100*200 hrs) REAL NET PROFIT Year 1 $90,000 $250,000 $85,000 $255,000 0 $50,000 -$300,000 $250,000 $0 $300,000 ($20,000) $280,000 Year 2 $90,000 $250,000 $85,000 $255,000 0 $50,000 -$300,000 $250,000 $0 $300,000 ($20,000) $280,000 Year 3 $90,000 $250,000 $85,000 $255,000 0 $50,000 -$300,000 $250,000 $0 $300,000 ($20,000) $280,000 Year 4 $90,000 $250,000 $85,000 $255,000 0 $50,000 -$100,000 $250,000 $50,000 $250,000 ($20,000) $230,000 Year 5 $90,000 $250,000 $85,000 $255,000 0 $50,000 $0 $250,000 $75,000 $225,000 $225,000 Year 6 $90,000 $250,000 $85,000 $255,000 0 $50,000 $0 $250,000 $75,000 $225,000 $225,000 Year 7 $90,000 $250,000 $85,000 $255,000 0 $50,000 $0 $250,000 $75,000 $225,000 $225,000 Year 8 $90,000 $250,000 $85,000 $255,000 0 $50,000 $0 $250,000 $75,000 $225,000 $225,000 Year 9 $90,000 $250,000 $85,000 $255,000 0 $50,000 $0 $250,000 $75,000 $225,000 $225,000 Year 10 $90,000 $250,000 $85,000 $255,000 0 $50,000 $0 $250,000 $75,000 $225,000 $225,000 TOTAL $2,550,000 $2,420,000

If you are in the corporate world and are tired of having to go into the office or having zoom calls in your underwear with a nice shirt and tie on or if your are self employed, what are your options for retiring early?

It's normal to feel a mix of excitement and nerves – it's all part of the journey.With your short-term rental in NY no longer an option, flipping could be a solid entry point to build up some capital for future ventures like buy-and-hold properties.Choosing the right market to start is key.

I got some useful info here, the reason I want to look at this option is to tackle larger deals without 20% down.

I figured I would come on here and ask folks on creative ways to utilize this alongside financing options to scale into the multi units space while not waiting another 4-6 year period to repeat the process.

I've thought of 3 different approaches - 1. co-borrow...multiple parties on deed, entitled to % rent & depreciation based on investment, have "access" to property2. co-sign...multiple parties not on deed, negotiate % rent & depreciation based on investment, no legal access to property3. side-deal...parties gifts the down payment, operator must qualify for loan, all other details TBDAre there more approaches/options?

Hi,I have a house that is owned fully by me (no mortgage) that I created a lease option on with a lessee.

No money down options just aren't smart for beginners.

There are many options online that can help you calculate your ROI, but the formula is relatively simple:Total Cost to Invest (purchase price + rehab + any holding costs + commissions and closing costs on both sides of the transaction)Net Profit (sales price - total cost)Formula: Net profit / Total Cost = ROI %Also, not sure if you would like access to a spread sheet/calculator that can do this for you, but I have created my own.