The LP got it from a friend who is in some kind of real estate mentoring program.

Purchase price: $400,000 Cash invested: $20,000 Sale price: $620,000 Bought near a private university with the plan to live in it before renting it out.

Here’s why lease options are a game-changer:🔹 Low Risk, High Leverage – Instead of buying a property outright, you lease it with the option to purchase later.

@Jose Mejia I assume this property was purchased under an LLC.

I’ve considered multifamily or duplexes, but from what I’ve heard, they’re unideal right now, so I’m leaning towards STRs.I’ve put together a list of areas that seem STR-friendly with good tourism appeal, and I’d love to get feedback from people who know the San Antonio market well.

Given your mobility for duty posts you can really ramp up your real estate portfolio while serving.Every time they got stationed somewhere they would purchase a property to live in using their VA and house hack.

I have used HELOCs for probably most of the purchases of the properties I own. 

Ken’s questions should be foremost in considering the purchase.  

Being able to purchase a property with only 5% down means you can leverage your money way more effectively.

I purchased one fourplex in CA last year with one partner.