Purchase price: $85,000 Cash invested: $150,000 Contributors: Hannah Holland BRRRR in a small pocket of SFHs that is surrounded by commercial near downtown, therefore our lot is zoned commercial, not ideal for pulling out as much cash as possible, BUT due to Weatherford STR regulations, I am now eligible to STR this "commercial" property.

My wife is more open to purchasing a single-family home instead where we keep our current home and rent both units.

If you wait at least 90 says from the purchase date - the options tend to open up for better rates and lower cost.

I would follow both David's future information and BP.

I have purchased a set of 4 properties in Salem NJ and need to refinance them all to pay off private money lenders.

As you mentioned, an agent is one of the four but you also want to focus on curating trusted relationships with a contractor, PM, and lender (espeically one who can help start to finish with the purchase/rehab and refinance).

I'm ready to sign an offer to purchase on a property that has water in the basement/foundation cracks. 

I talked about the first purchase in bigger Pockets Podcast #82. 

How much return would you need to purchase and hold my property, while I lease it from you with a 5 yr option?

Thanks for any information.