It’s crucial to ensure that your cash reserves can cover not only the mortgage but also unexpected expenses during the remodel.The 30% housing rule is a helpful guideline to avoid overextending yourself, and ideally, you should be comfortable with your monthly housing costs even without rental income.

Paid cash for it.  

While I don't want to get myself into a negative cash flow situation- appreciation is the bigger deal for us. 

Purchase price: $150,000 Cash invested: $90,000 Full remodeled What made you interested in investing in this type of deal?

a lot of people will poo poo this, but I also live in a market where cash flow is low, property taxes are high and properties are expensive (which is a relative term).

That’s real income instead your pocket, even if it’s not cash.

Purchase price: $720,000 Cash invested: $60,000 Househack/BRRRRR.Taking advantage of low 5% down Owner occupied conventional loan, then fixing up the units 1 or 2 at a time, raising the rents, and then refinancing to lower the monthly payment and increase cashflow. 1 full gut unit and others were more cosmetic turnovers.

To determine if an apartment building is a good deal, look at the property's cash flow, cap rate, and potential for rent increases.

Purchase price: $189,000 Cash invested: $40,000 Mid-term rental property in a college town.

However, I'm in the middle of a cash-out refinance of an investment property I already own.