Just saying.. we inherited this tenant through an acquisition.  

Hello BPWe are in Phase 1 of acquisitions for our buy and hold strategy. 

Once you are proficient in that skillset you will be in a position to add additional acquisition and investment vehicles to your strategy. 

It's an attempt to be an unlicensed, paid intermediary who hopes to profit in the margin gap between contract acquisition price and retail ARV value. 

To get it straight in my newbie mind: It seems like what's happening is that you achieve that high ARV to get a great LTV, in order to (1) pay back your HM/PM guy and/or (2) pull some cash out for the "Repeat" step in BRRRR, and (3) roll any points/closing/fees into your refi, keeping the skin you had in game with the HM/PM guy from the original acquisition/repair--the same.

I'm interested in the idea of house hacking, and purchasing multi and single family homes (hopefully working my way up to grander acquisitions) . 

@Talya Coleman You want to acquire a property for 70% of its ARV minus repairs/closing costs/holding costs.Example: ARV: $100k70% of ARV=$70kRepairs/all other costs: $20k.Your acquisition price should be $50k (100*70%)-20 

HELP !!!Working on taking over a owner - owner rent to buy house Framework of Orginal deal -Sale price 59kDownpayment 8kMonthly payment 850 for 60 months (5 years)The buyer ( Nelo ) was on time for 12 of the first ...

Anyway, I now have some float money to help me buy properties at a relatively reasonable interest rate to bridge between acquisition and refinancing to longer term financing.

The light bulb came on for me 3 years ago pertaining to the fact I possess a very unique set of skills, resources, & training/ experience that most investors have to outsource, which to this point has given me a huge advantage during my recent property acquisition & purchase experiences.