With you being out of the US, they may not want to cover over a Canadian Home & Auto.   

They won't be able to sell their home for the same amount as their neighbor with the exact same house if their neighbor paid 2.5% and they are paying 0%

Talking to friends and family about how much I love real estate and I was looking for homes that needed love How did you finance this deal?

These firms specialize in this type of work, and as such, we rely on the information we receive from them to make determinations on how much capital we advance for improvements made to the property.In this case, we believe the third-party inspection company did not perform their duties.

Last year we supported roughly a dozen luxury STR investors get their coastal beach homes launched, and so far in 2024 five out of state SFR STR investors and one two unit STR eligible property pending.

The June 2024 market report from the Austin Board of REALTORS® (ABoR) shows that the median home price in the City of Austin decreased 1.6% to $600,000 over the past 12 months.

We purchased the home on 8/3/2022 for $30,000 and sold it the same day for $63,000.

If you have no experience investing or as a landlord, or with Section 8, why would you take a second loan on your home, barrel your equity in it, and invest it in an area you seemingly don't know?

Mortgage, Taxes, Insurance, HOA: $3040.37Estimated rent: $2475Total Expenses: $3660.12Vacancy (5%): $123.75Repairs (5%): $123.75Capital Expenditures: $100Property Management (11%): $272.25Information when I bought the house in 2022, new constructions Purchase Price: $373000Purchase Closing costs: $4662Current home value: 400k-420kCash Flow: $2475-$3660.12= -$1185.12; -$71107.2 at 5 yearsCash on Cash Return on Investment (CoCROI): 0%Appretiation per year (6%); $535,290.23 at 5 yearsEquity: Loan value $345,089.53 at 5 years; $190,200.47 in equity at 5 yearsLoan Value today 6/2024: $368,201.59Total ROI in 5 years= (Total profit/Total Invested capital)/ Time (in years); Total profit: $190,200.47Total Invested: $71107.2 (neg cash flow) + $42757 (closing sale costs)= $113,864.20Total ROI (5 years)= ROI 67%, annualized ROI 10.8%My biggest concern is that I am relying solely on appreciation and assuming will appreciate at 6% per year. 

What untapped features in homes do you look for when looking at properties to house hack?