Quote from @Dylan Webb: Hello, here's my situation:My wife and I own several properties separately.2 of the single family homes combined we have conservatively $150,000 in equity ($90,000, $60,000) I want to use one of these as collateral for a small loan of $30,000 to put down on a high cash flowing property OR have a lender finance the whole venture at a purchase price of $160,000.

Though DSCR gives you a better picture of how the property is projected to perform vs debt service, you can't rely solely on one measure to make a purchase decision. 

They are still owing December rent and have informed me that they will not be paying January rent until Mid January 2025.

Purchase price: $150,000 Cash invested: $15,000 Sale price: $301,000 Found this deal off market and flipped it quickly for a profit.

I just sat through a free webinar they put on and it was fairly informative for being free.

That's how you gain the information you need to AVOID MISTAKES. 

Purchase price: $28,500 Cash invested: $178,000 Sale price: $250,000 Bought a 3 unit riddled with drugs or prostitutes from the city at the tax auction, spent a year gutting and consolidating all three units in two structures to a single-family home with an exterior side entry garage.

Originally when they were known as FlipOS, they would split up the interest payments,so I would pay the remaining amount for the month the house was purchased and then the remaining balance on the sale of the home to them.  

Purchase price: $615,000 Cash invested: $630,000 Sale price: $1,500,000 New Construction

I am seeking assistants to manage inventory, oversee purchases and returns with major retail stores, ensure optimal price matching, and compile comprehensive material lists.