Their personal income doesn't support the purchase, but the income from the property makes the deal work. 2.

In my experience with distressed tenants, their housing costs are always their first priority, and one in which they have the most pride in maintaining.

Each additional house pays off faster than the last with the additional cash flow. 

I cleared $10k on my first one.We ended up clearing $30k on the second one.The last flip was very stressful for my wife and she wants to keep our finances (HELOC) out of the next one.I am going to look to find a financing partner to cover the carrying costs of the next flip.On a $400k house (average for my area), the total investment would be $85-$95k and would be paid directly to the lender and subs/suppliers, not to me.I can bring the lender, as I have a good rep with the one I use.I will do all the rest.

Since we do not want to make repairs and hold onto this house anymore. 

Purchase price: $150,000 Cash invested: $100,000 Recently completed a purchase and renovation of a multi-family house in Cleveland Heights, Ohio (BRRRR Method).

Personally, i always do 30 yr fixed loans, i don’t mess with ARM’s.

fbclid=IwZXh0bgNhZW0CMTEAAR1xMWkQcObAajE2Jnm-MvgzUzmtBFZ1DsJfmpng54xOTFdQhD4ILA3skgE_aem_dq00HGIkgh6rlSf94ILsuQ2—Several multi-million dollar expansion projects are happening in Grand Rapids right now, which will continue to drive the need for housing and purchase value up. 

It’s been unable to sell because the original house was a single wide in the 70s that was then added on to.This makes financing either difficult or very expensive for people (especially since it’s a low price point and mainly first time buyers).We would be paying cash - so it’s not an issue for us.

This could be a significant factor in why housing prices are still so high.