However, I think I could simply rent out the other two rooms for about 600-650 a month to individual renters, so while the property isn't hitting the 1% rule, it does seem to make sense from a house hacking perspective.

Once completed, they will be purchasing a few investment properties in a 1031 exchange.      

The only downside I can see would be that you'd completely lose your anonymity.   

So if you are simply paying off the hard money you will not have to wait at allIt's the cash-out part that gets difficult.

Can I simply state: "Please lend me $70k on this home that is appraised for $100k, and I promise to pay you back 5% per year."

Hey everyone, I am a mommy to 4 (5, 2, 6wks, & 6wks) I have been looking into flipping houses for a few years now (I know I'm super slow but it's scary) I had bought my 1st house when I was 19 and it was the pits I spent made it liveable and then we stayed there for 5 years until we decided to sell I spent about 8 months completely redoing everything while living in it with 2 little boys.

Except for helping my brother buy a townhouse in Morrisville, I am a complete newbie in real estate and excited to learn and be a part of this community.

We need to close the second home and yacht loophole, as there is simply no compelling public interest in subsidizing second homes and yachts," - SandersNot everyone can afford to buy their 525,000/600,000 homes cash, Bernie.

Good morning Andrii,We have completed several 203k loan construction projects.

Its interface is terrible and its Android app is completely useless.