Purchase price: $180,000 Cash invested: $36,000 Current Executive Room Rental What made you interested in investing in this type of deal?

Purchase price: $142,500 Cash invested: $28,500 Another Airbnd & Executive room rental What made you interested in investing in this type of deal?

What kind of capital do you have to execute? 

Great communication and good execution.

Feel free to reach out to me, or if you're in the neighborhood, stop by my office located at Executive, REALTORS 3817 Ventnor Ave.

If you have an executed lease, then a applying for a residential investment property mortgage will be a fairly simple process, because you already have income to support the proposed debt.  

The more legit ones are those that are actually executing the purchase contract with the property owner and you assume the contract directly from the buyer/wholesaler. 

@Rick D.Taken from the recommended steps found on 203kContractors.com.To ensure a smooth real estate purchase, these are the recommended steps to purchase a home using an FHA 203k loan:The Home Buyer/Borrower selects an FHA-approved 203k lender and real estate agent knowledgeable with the FHA 203k loan and then applies for the loan.The Home Buyer/Borrower locates a home and after doing a feasibility study of the property with their real estate agent and 203k Consultant, a sales contract is executed.

Even though the annual growth in both categories marked the first during the pandemic, the overall figures are still relatively small, explains Rick Sharga, executive vice president of Attom's consumer-facing business, RealtyTrac (and our guest speaker on September 9th).

Took $1700 gross cashflow to $2600 within three months, executed one eviction.