This year I made it a goal to purchase my first property and my hope is that with the help of this community, I can make that goal a reality.

Purchase price: $150,000 Cash invested: $182,000 BRRRR SFH and fourplex, five total doors.

Connect with a realtor, say you want to purchase an investment property. 

Purchase price: $285,000 Cash invested: $33,500 In May 2024, I purchased a duplex in College Station as a house hack.

Quote from @Kristin Vegas: Hi bp. is it possible to do a HELOC on a house I purchased 6 months ago?

@Marc DeLeonibus Hey Marc, I did not end up purchasing the property.

@Matthew Strackjust to confirm, the funds you'll be using for your investment purchase are borrowed?

My husband and I are approximately 6-12 months out from executing on our first real estate purchase.

If you both purchase four-Plexes, you could have 8 doors after two years. 

Here’s the breakdown:Financing & Investment Details: Total Project Cost: $750,000 Purchase Price: $450,000 Rehab Cost: $300,000 Total Investment Needed: $750,000 Private Money Loan: $550,000 (1-year term at 9% interest) My Cash Investment: $200,000 Interest for Private Money Loan: $49,500 Closing Costs for Private Money Loan: $0 Closing Costs for Refinance: $27,000Total Cash in the deal:$750,000 + $49,500 + $27000 = $826,500Exit & Refinancing: ARV: $900,000 After renovation, I refinance at a new loan of ~$675,000.