That said, we’re currently cash poor.

Save your cash...

I currently own 18 single-family homes in the same area (1.9m value, Cash flow avg 320 per unit).

BUYER MAY TAKE “SUBJECT TO” IF THEY ELECT TO DO SO.Government guaranteed rentwhich is exempt from rent control.35% Upside in the RentsNostalgicbuildingin great downtown Oakland area near Lake MerrittExistingCap9%,Market Cap14%ExistingCashonCash Return13.5%MarketCash on Cash Return25%Existing GrossRentMultiplier7.6MarketGross Rent Multiplier5.6HighgrowthcityandareainfluencinggreatappreciationpotentialNodeferredmaintenance-EasyManagementStrongRentUpside.TroublefreeincomeandmanagementOpportunity Zone

Jose,If you can rent it out and it cash flows and not just cover the mortgage then I would advise renting and buying a new home.

Hi all, I want to BRRRR in $20-$60k outright cash properties and then put in another $20-$50k to flip.

It's a cash payment, no reversals, instant transfer to your Cash App account. 

@Richard Hoyte I haven’t been able to take advantage of any low down payment loans so have been stuck needing 20% down on every deal plus closing costs and cash reserves.

I had some cash saved for investing in property, and then the perfect home came along.

With conventional mortgage rates hovering around 7% for 30 years… cash flow basically happens at 6.5% cap rate and above.