For example: Using $500,000 as the purchase price, the difference in your DP is $50,000.

Hello everybody, I am looking to purchase a property with a section 8 tenant, and the rent is way below market at about $800 for a 3 bed house, while an average rental is about $1300 to $1400.

Rehab ($25-$30k) on my first BRRRR is coming to a close (Purchased mid January) and I am now hunting down financing.

We did purchase a SFH to live in as we have grown our family so we would no longer be house hacking.

Im in the process of purchasing a brick 2 unit from them.

You could do delayed purchase financing, this would allow you to refi without the seasoning but you would only be able to pull out 80% of what you paid + 80% of your completed rehab.

However, after years of disciplined saving, I've finally reached a point where I can make my first property (a small apartment) purchase last year.

.- Adjusted Purchase Price/ Max Bid: $210,840.80- I start with the 1% rule (thus why I start the analysis by looking at rent) and then adjust the price based on the potential pay-out from a cash-out refi and equity position on the property- more on this in a second. - Potential Investor payout (15%): $242,466 - Rehab total: $76,480.00- I just used $40/ sqft for an estimate.

. - $50k is going to be really tight. 20-25% down on a property is not $40k on a 200k purchase.

Have you determined what area of RE investing you're interested in?