The sell price was:$246,500Down payment was:$40,000Mortgage is 15 years @. 7.5% still owe about $150k and considering a refi with actual bank in a couple monthsThese houses need work:1st house-$100k value is a 1/1 doesn’t need much rehab at all.

Hi Drew, Down payments for a primary residence start as low as 3%, while down payments for an investment property (in any state) start at 20%.

Your local PHA may also have resources to help match landlords with eligible tenants.The PHA must approve the lease agreement, ensuring it complies with Section 8 rules and rent limits.Pros:Guaranteed Rent Payments (sometimes even 100% based on certain tenant criteria)High demand for Section 8 rentals, which can reduce vacancy periods.Many Section 8 tenants prefer to stay long-term, reducing turnover rates.Cons:Properties must meet and maintain HUD's health and safety standards, which can involve additional maintenance and inspection requirements.The PHA limits how much rent you can charge, which may be lower than the market rate in some areas.Tenants must qualify for Section 8 based on income level and other factors, which may limit the pool of potential renters.Dealing with government agencies can sometimes be time-consuming and bureaucratic.In summary, converting your home into a Section 8 rental can be a good strategy for attracting and maintaining long-term tenants due to the stability and reliability of government-backed rent payments.

If you're looking for good Morning Meet Ups to meet other investors, here's a couple.Tuesday 8AM - Jonathans Restaurant Matthews, NCWednesday 8:30AM Rock Hill Diner Rock Hill, SC (We Host this Group)We practice the BRRRR method and have a full team. 

Is it ever a good option to pull from your 401k to make a down payment? 

Basically, my Investor would fund a specific loan not be part of a pool of funds.One thought is I would maintain my same process and loan docs that I've used with my Borrowers where my LLC would be the Primary Lender, manage the loan and receive payments from the Borrower.

That way you can tap into the equity in addition to some cash flow resulting from the low interest payment. 2. 1031 exchange: what would you buy as your next property?

A far more successful method would be to increase earnings, reduce spending, and save up.

One rule helped here (I simplify a lot): you should always count how much money will be left in your pocket after all expenses (including mortgage payments, taxes, fees, utilities, as well as the reserve fund for the current repairs of the property).

They are responding to facebook linkdin and bP PMs where the adds are simply to good to be true  so they get sucked into thinking there are actually loans at 5% for hml  or that NO down payment is necessary or that NO credit is necessary etc etc.. while it could happen for very experienced repeat borrowers  everything but the interest rate that is.