This is a single-family home in a commercial and multifamily zone, so I believe that if the right investor obtained this property, it could be acquired at a higher price due to its potential for significantly higher cash flow.I'm wondering if I can increase my asking price because of the property's zoning potential.

Should I focus on paying that off first before I invest or does it make sense to start my real estate journey and use the cash flow to help pay it off faster?

@Joe Carpyou can buy rentals with a DSCR loan, and they will not require W2 income like a conventional bankhowever, down payments will be 15-30%, so will use up your cash fasthow to scale as we sink money into each property is definitely a major challengei have done a couple successful BRRRRs that helped preserve capitalhope this helps

Giving some rough numbers, let's say the interest rate when they purchased was around 3% and they offer to sell to us for $100,000 cash. 

Well worth your time to be on, and you get to meet an amazing host!

cash and private money JV How did you add value to the deal?

I've got maybe 20k in cash.

Purchase price: $248,000 Cash invested: $12,800 House hack I was able to make around $100 a month while living there.

Purchase price: $1,170,000 Cash invested: $900,00016 Unit Value-add property we significantly renovated spending $35k per unit doing interiors, exteriors, and amenities.

That 10% is clearly, without question, astronomically worth paying as opposed to doing it myself.