Purchase price: $240,000 Cash invested: $60,000 purchased this distressed duplex using owner financing for $240K and a $60K hard money loan for renovations.

Refinanced August 2020 into a 15 year loan at 3.375%

Depending on your current rate or if the current loan is short term or long term.

Louis for the hard money loan.

I would look at buying 5 properties using loans that have some sort of value add aspect in a market that I believe will appreciate at the minimum of the historic national average.This may be a rather boring and unflashy answer but I believe it would be the best money spent in my current knowledge and expertise.  

With the proceeds we later purchased two properties the same month, one with FHA loan 5% down and received a closing credit of $8k plus a $2k check made out to us after closing.

There are some amazing physician loans available that can allow you to purchase a owner occupied single family property with 0% down. 

It's possible but going to be expensive and I would think they would want some collateral on the loan as well.

Purchase price: $240,000 Cash invested: $60,000 I purchased this duplex in distressed condition using owner financing for $240K and secured a $60K hard money loan for renovations.

When I started talking to him about the risks of overleveraging - he claimed to me that there is no added risk to that and that if I had a foreclosure, it would barely damage my credit file, and I’d be able to continue life as normal continuing to get mortgages afterward.A little Google search showed me how that was false - the Lender could sue you, and continue to go after you, even after foreclosing on the property - if they are still owed money on the loan, after seizing your property.