Our first purchase was in October 2023 and it was a little tough to fill late in the year (due to the holiday slowdown), but our first guest arrived in early January and it's been booked ever since, now through September.

However with all building purchases the first thing I do is install hardwired smokes and CO detector.

@Scott Vaethif your mortgage rate is reasonable i would definitely not use extra cash to pay it down.but give us more info if you want better advice.for example - purchase price, rehab amount, rough new ARV? 

Only one person was unemployed but that was by choice.

Are you looking at a specific franchise your looking to purchase?

Most of the lenders have a minimum of 50k per door and 100k minimum of as-is value limit for rental purchase.

We’re looking to purchase a small MFR (2-3 units) in Tucson, AZ.

Purchase price: $180,000 Cash invested: $37,413 Sale price: $325,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Ron Rowan, successfully completed a fix-and-flip on W 136th Ave, Cedar Lake, IN 46303.

I still recommend it for purchasing notes, but buyer beware and check all paperwork thoroughly.

Hi everybody,A few months ago, I just purchased my first property (yay me), which I'm working to house-hack at the moment.