If you’re thinking about diving in, I say go for it—but maybe don’t start by living in a closet.

Traditional lenders won’t approve it, and hard money lenders who offer this type of financing all the time look for experience, assets, or strong equity in the deal.Partnering with someone who has financing or experience is realistic approach when starting.

I started off doing long distance BRRRRs until the rates went up.

Go to GET STARTED > EVENTS AND MEETUPS at the top of your screen.

So let’s assume with realistic expense estimates over 1st 5 years you average $250 in today equivalent dollars (it will be a challenge at that starting point).The ADUs are typically receiving valuations below $100k, but let’s be generous to show the scope of the people and say it adds $150k of value. 

So I went almost 7 years paying zero taxes, until I started paying properties off.

Start by asking for a pre-approval letter from their commercial lender—it shows they can secure financing.

We were especially thrilled to start our investing journey with a duplex, and it was even better that the tenants desired to stay and had been consistent with rent for many many years.

It is NOT required by law to sign a buyer's agreement before you start touring homes.

We are three hours away from the properties .