It is paid off and we just purchased a new primary residence for ourselves. 

Purchase price: $100,000 Cash invested: $50,000 My partner and I are getting into our first fix and flip!

I suggest the strategy to everyone (even my clients looking for single family residence).

Hey there,I'm almost ready to purchase a house hack and have found some good deals right off the MLS.

It’s my understanding it’s very hard to meet reps status working a w2Also I believe once you get above $150k basically you lose any benefits of reps status I think I will be able to qualify for the STR re status if I run the cost segregation when I purchase the house. 

However, if you pay all cash, some lenders will allow you to do a cash out refinance based off of the purchase price immediately after closing with no seasoning requirements.

Purchase price: $514,500 Cash invested: $125,000 Purchased a beach condo that will be used as a STR.

Hi all,I am looking at a potential rental acquisition where the home contains a garage conversion into a room and it is unpermitted.Note that seller has not included this room in the sq footage and i am not purchasing it with the assumption of conversion to permitted.If i were to buy and turn into a rental - is there any liability to renting it out with that unpermitted conversion?

Specifically, eyeing entry-level markets with all in purchase + rehab between $80k to $170k.What markets do you think I could maximize the likelihood of recouping most, if not all, of my cash?

Hi Jake, DSCR Loans are a great way to get started if you have a property in mind that is ready to rent once purchased or possibly even has tenants living in it.