I will give you the numbers then tell you mu strategy idea. house purchased for 415,000 in august of 2020 at a sub 4% rate but I treat it as 4% because I am not 100% sure what the rate is (I am getting into contact with realtor soon don't worry)The house could rent for 2,500 per month at minimum and I think I could get 2600-2900 but not 100% sure.It is now on the market for 600, 000 but I think I could get it to 575 since it has been up for a couple months.well 575,000 at a 7% APR is way higher than the rent so I was thinking I could do a seller financed route.

Dec 2023Build 1  PITI $2990   Rents $4100.  

Purchase price: $585,000 House hacking my first SFH - airbnbing the basement that has a separate entrance and my partner pays me for rent How did you finance this deal?

I would suggest starting lower for "early birds" and as you get closer to completion raise the rents to market value.

Lancaster used to have alot more crime 20 yrs ago and it turned and now im seeing the same things happening in Reading not to mention we know the rental market there has been amazing we get great tenants who pay only 1 or 200 month less than apartments rent for in lancaster.

Knew the market was good and knew that I couldn't go wrong if I rented it out considering it was near a popular military base as well.

A single family house ,which needed some rehab and is now rented out on a yearly lease.I realy believe in BRRRR strategy and am interested in making a new and similar investment in this area.Outside of real estate, I enjoy furniture restoration, sports hiking and reading .Excited to learn and connect with you all!

Does anyone have any insights of how much it typically costs to turn over a unit like that to get it odorless and rent ready again?

I cash out refinanced my primary in 2019 right at the start of lockdowns with the idea of buying a new home and rent my current.

That way you can acquire, renovate, and either sell off or rent. the fix & flip is a 90% ltv + 100% renovation. ex. pp: $72k Loan 90%ltv: $64,800 + $11k reno= $75,800- that’s the minimum loan amount met and we can close.