Tom Ferry, an amazing realtor trainer that I have taken some of his classes sights these same stats and gives the underlying reasons why: https://www.tomferry.com/blog/87-of-all-agents-fail-in-real-...

If you wanted to rent it out after reno, I can connect you to one of my lenders who does 90% ARV mortgages that have a certain structure to me the first 5 years of the loan really cheap to payout of the rent and have extra money to lower the principle if you can or want.

The ideas and principles in the book are solid.

There's also tax savings from depreciation, loan amortization (i.e. paying off the loan principle), and appreciation in the value of the asset. 

First, the new Federal Business Entity Transparency laws that took effect in January 2024 blow most of your hide in plain sight planning out the window.

This journey began with a single-family residence, poised as a buy & hold investment, and it's a testament to the principle that if you find a good deal, the money will follow.

The appreciation and principle pay down is where all your wealth will be made. 

I missed out on the insane market when buyers were paying exorbitant amounts in cash, sight unseen and the area my house is in has a lot of growth.

I'm setting my sights and diving straight in with an immediate goal: to house-hack a 4-plex in the vibrant Kansas City Metro area.

You’re also paying off $475/mo principle the first month, the worst month.