We are mainly isolating our searches to the following criteria for Holds and Flips...For Holds, we are looking to begin with a few properties that tick the following boxes:Able to purchase below market valueHave potential for Forced AppreciationAble to increase rentAble to recycle the deposit into the next purchaseCashflow positive (pre-tax)Weekly rent is approx. double the (buy price divided by 10); eg, $300/wk : $150,000 costFor Flips, we are looking for properties that will provide us with the following:Able to purchase below market valueHave potential for Forced AppreciationGrowth areas (5% or more)

Fun fact: I'm one of the few servicemen to directly support both Air Force One and Marine One as a U.S.

As others have mentioned there are ways to get properties with only 5%/10% down, however in my opinion this strategy is the most useful for a pure buy&hold play.If you're looking to BRRRR then putting 5% down isn't optimal, because you'll be hit with CMHC fees right off the bat, and you'll have to increase your equity in the property past 20% anyways before you can touch any of the appreciation you forced through renovations.

I'd prefer to use LVP but it's too expensive in my market for C+ or B- units.

hi my name is Kris Gomez, my wife and I have a few rental properties and have recently joined forces with a partner and started and REI company called KMD property solutions.

@Jennifer Beadles So to my understanding most people get Hard money loans because  they are easier to get but with a high interest, but thats okay as long as can get force appreciation on the home and Refi with a more conventional loan and pay back the hard money and use the left over to buy another one?

I target C- to B- areas, and look for the Diamond in the rough, an opportunity that I can force equity via rehabbing, then lift and improve the rents in areas near to Down Town on cities that are growing.Buy small at first, i.e.

You may want to look elsewhere (like Milwaukee or the rural south), or take advantage of the Colorado market by flipping and forcing appreciation!

I'm currently going on my 8th year in  the Air Force Reserve and I have another 8 years to go till I'm retired from that military life.

Tax requirements include the "derecognition" of assets as title interests are conveyed, forcing income to be recognized as they no longer control an asset, such as assigning options or contracts.