Investment Info:Small multi-family (2-4 units) buy & hold investment.Purchase price: $247,900Cash invested: $19,000Closed on my 3rd house hack in January 2024 and wow this one has been quite the property.  

We are looking to do buy and hold LTR with either SFH or Small MFH. 

My experience was getting my personal credit utilization high as I bought product for my business, and subsequently my FICO went low; therefore financing was increasingly difficult. 

Are you all still including this coverage (Wind/Hail/Storm) and paying the premium for it or are you buying policies without Wind coverage?

Money in hand sounds great, but my portfolio strategy (even though it’s currently small) is long term buy and hold.

You may have success with Multifamily DSCR Loans for 5-10 units - then really once you are at 11+ its going to be a whole additional/different set of lenders - commercial mortgage brokers probably your best search/bet if its significantly above 6 units in your buy box

Do you have enough money to buy in a market where the median home price is 3x the average? 

What are the top markets right now for buying rentals right now?  

Use it to buy-down your loan, offset some closing costs, or pay your coach.I love that it forces buyers to realize their agent isn't free to them. 

My husband and I want to buy our first house hack in an expensive area, Salt Lake.