You can take your money and invest in other ways.

I purchased my childhood home from my father for about $100k less than market last June and the original plan was to hold for 2 years which takes me to June 2025, do minimal renovations, then sell and take the profit from the sale and purchase one or two more investment properties.

Especially nowadays, we're back to normal investing. 

I know it has only been a few weeks but I am considering them for a small investment with the one rate plan, as well.  

Investment Info:Large multi-family (5+ units) buy & hold investment.

Holding the townhouse sounds more like a bad investment plan.Any advice is appreciated :)

Hi,Since this is where I first learned about investing in real estate I thought i'd come here first. 

Hi @Jennifer S.Since it would be a long-term investment, I would definitely consider setting up 3 different meters.

Option 2: I found a house that the asking price is 930k , but I’m sure I can get a discount on it because it needs a lot of work , it doesn’t qualify for traditional financing , so I would need to take a hard money loan , it needs about 150k worth of work , the plan would be to offer the full 930k asking price but ask for a 6% seller concession , I calculated 20% down payment and 7% closing cost , so total after seller concessions comes out to 21% down payment which is $195,300 .

I mean, the buyer is the one bringing the money to the table so they've always *really* been paying it's just been shown on the seller's side of the settlement statement.