They may say they’re buying a rate cap to reduce the risk, but that is only temporary.QUESTION #13: WHAT TYPE OF LOCATION DO YOU INVEST IN?

Buy and hold investments should be considered based on their cashflow, not appreciation potential.

You knew this going in and you still decided to buy this house.

Hello all,I gave priority to buying my primary residence given that I rented for the past few years.

I already submitted the permit but haven't heard from the office yet.

I am a loan officer if you need assistance with any of the financing things I mentioned above!

The best cities I've done it in are actually the more expensive one's because there's more willing of a seller to let me buy deep(as they're likely owning the house mortgage free) and every fix I do makes more than a 1x on it simply cause of the neighborhood.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Miami.

I love that you rented two of your bedrooms as mid term and short term rentals and made enough to pay for the mortgage and now you are going to use the rental income to show you can qualify for another property.This is an excellent strategy and one more people should consider doing in this inflationary environment to offset the biggest cost in their budget--housing.As you rightly point out, you can use this strategy with every house you buy accumulating a portfolio of houses that you originally started out living in as a primary residence every two years.Well done and more people should consider doing the same, or rent their garage, or shed, or a boat, or an extra car.Love it!

Investment Info:Single-family residence buy & hold investment.