Here’s my situation:Property & Loan DetailsFirst Home + Investment Potential: This will be both my primary residence and an investment property once renovations are complete.Purchase & Renovation Costs:Purchase Price: $100,000Estimated Repairs: $150,000Contingency Budget: $15,000Total: $265,000Appraisal: Post-renovation, the property is appraised at around $360,000—so there’s potential equity, but it doesn’t help me with the immediate cash I need.FHA Loan: My interest rate is around 7%.

Just focusing on the passive income you want to achieve will leave you chasing cash flow which will have you buying properties in worse areas with harder tenancies that seem to cash flow better, but will have large cap ex.Any time someone asks a question about where to invest and it can be anywhere, they aren't ready to invest and are opening themselves up to every pitch in the world on an area.

as is prop value 75k and minimum loan size of 50k. as long as its turn key 30 year fixed is available. yes there are some fees and rate will be a touch higher. if it cash flows get it closed.

Any other advice that may be helpful.Appreciate any responses in advance.

If so (and even if not), I would love any recommendations to a loan officer in the metro Detroit area.Thank you in advance,Aaron RaffaelliAaron,Yes, it should be entirely possible!

Wondering if you have advice on me just being the bank, where I purchase a house and structure a rent to own with him and have him build up a 30% cash down payment and some equity and then me sell the house to him at a locked in price.  

Home includes new paint, new lighting fixtures with new electrical devises. Stainless-steel appliances and plumbing fixtures. A/C serviced and works great. Saltillo time entry and family room. Carpet free home Lots of...

Purchase price: $72,000 Cash invested: $107,600 Case Study: Cockroaches to Cash FlowProperty AcquisitionI found this property through MLS.

The LLC is irrelevant unless you are paying cash or getting a DSCR loan.

Unless you're using all cash we've all gotta talk to the bank.