Please get educated before you start writing checks.What concerns me is you started this post by talking about how you are jobless.  

Interest Rates: Lower interest rates may favor buy & hold by reducing financing costs, whereas higher rates might impact fix & flip profitability.3.

Purchase price: $118,000 Cash invested: $30,000 This is a single family property this is rented by the room.

They seem to resolve each of these issues by putting each step into one comprehensive, repeatable formula.Hope this recommendation helps.Nikolai

But by this way, I do not know if the equity can increase more than BRRRR strategy when refinance or NOT since there is no rehab involved.With HELOC, I think they allow me to take out 70-80% of equity which will be $250k-$300k.

Either begin by paying your cell phone bill or having your parents put you as an approved person on one of their credit cards if they have good credit.

You say you are 23 and have saved up enough to start your real estate investing portfolio.You are considering having others help pay the mortgage by buying a duplex or triplex and living in part of it.Alternatively, you are considering buying a section 8 income property for around 100K.Since you state you are already paying $1,700 a month in rent, I would start there and buy the duplex or triplex to reduce your monthly housing costs while building equity.

- After-repair valueThe above list is by no means exhaustive, but those are definitely some key points that lenders will want to understand.

I at least try to avoid losses caused by the departing tenant.

Read "Long-Distance Real Estate Investing" by David Greene and watch videos from Dave Meyer to learn about the hottest markets in 2024.