I recently purchased a 2500 sq ft lot on level ground, situated between two existing houses.

Purchase price: $640,000 Cash invested: $1,200,000 Turned a shuttered and rundown 13-unit waterfront motel into a brand new vacation destination with added lakefront "tiny homes".

Hello, I want to use my equity in one of my SFRs to purchase a short-term rental (I currently have 8 LTR) .

For $150,000, this could be $3,000 to $7,500.Investing in a Rental Property: Costs and ExpensesDown Payment and Closing Costs:Down Payment: Assuming you buy a $300,000 rental property, you need a 20% down payment ($60,000).Closing Costs: Typically 2% to 5% of the purchase price.

The lender explained that the standard carve-outs include committing criminal activities on the property, failing to pay property tax and failing to purchase insurance for the property.

I purchased a short-term rental property a couple years ago that requires crossing another landowner's property for access.

Anyone know where I can purchase the 2024 BP Con tickets?

This will help you make informed decisions about future investments and optimize your portfolio.Scale your investments: As you gain experience and confidence in real estate investing, consider scaling your investments by purchasing larger properties or expanding into different markets.By following these steps and staying disciplined in your approach, you can successfully invest in real estate and build a profitable portfolio as a software engineer.

My real estate agent told me not to purchase 2 bed, 2 bath single family homes as they don’t rent well.

Even assuming you paid cash and had NO capital expenditures and did NO necessary renovations, the $240K purchase price would put you at a 4.5% cash-on-cash return!