Many investors have used this strategy successfully, whether by renting out extra rooms, a basement unit, or a duplex/triplex.

I'm an investor in the Austin, TX area and I'm here to build relationships and work on deals.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Leverage your W-2 income for better loan terms, explore private/hard money for off-market deals, and network with investors to expand your deal flow.Good luck!

My assessment is that the investors who were texting heavily switched to cold calling after October 2023, so now it's oversaturated. 

When you called, and it seems many did, the scammer answered the phone using my name (though I understand with a heavy foreign accent).

Since your property has high resale potential, some lenders may be willing to work with you.Cash-Out Refinance – If you’re open to refinancing, you could take out a new mortgage for a portion of the home’s value (say, 60-70% of the $500K), and use the cash difference for renovations.Personal Loan – If you have good credit, you might qualify for a personal loan for part of the rehab costs, though interest rates are typically higher than secured loans.Partner with an Investor – Given the potential profit, you may be able to find a real estate investor or contractor willing to finance the rehab in exchange for a share of the profits upon sale.Your best option depends on your financial standing, timeline, and risk tolerance.

Welcome Drake,You've landed in a great community of lenders, investors, agents, CPAs, Attorneys and wholesalers.

I helped an investor get into a 3 bed 2 bath , 3 bed 2 bath duplex for 105k - each side is leased for 1250.  

Im a realtor and investor in Georgia.