Hi all - My husband and I own 4 LTR and we just did our first MTR on my daughters house.

To add more context, we have owned this particular property free clear for a few years now and want to make this property our first BRRRR, however we've never worked with a private or hard money lender before.

I have a property manager who suggested we did first month half off as an incentive.

I think that means you are opposed to taking on debt for your first deal.

ITs going to depend on a lot of factors but just jumping into STR "around the country" (i.e. potentially very far from yourself) is going to be challenging - property management fees are going to eat up a lot and its hard to cash flow as it is with current rates/prices.Most people would start with LTRs as its generally good for the "first investment" to be more of a learning experience and chalking up a lot of mistakes - so keeping $ amounts low, leverage conservative and the investment as "vanilla" as possible is generally good advice

I just bought my first duplex near Scranton with an FHA loan.

TLDR: The first lien position sounds nice in theory.

First, never send a lender money unless it's to be paid for appraisal or admin charges and if you looking for a good lender I could refer you to our hedge fund which offers you a hard money loan with no experience and only must be a homeowner.

Hey Everyone,I just graduated college with no debt so I want to buy my first property and House Hack with college students, I found a property currently selling for $175,000 dollars, but I think It can be negotiated to a lower purchase price since it is a little outdated and the other houses in that same street have sold for less money, although it is outdated it could be rented for $550 dollars a month + utilities  and since it is a 4 bed, 2 baths; renting out the other 3 bedrooms while I live in one of them would help me break even with the house's monthly expenses.

Bro, the class action lawsuit is going to give people who file like $13.The only thing changing post August 17th is 1 sentence being added to that listing agreement that says, probably in bold ..."