I began buying SFRs and rehabbing them with the intent to hold them for a return (also, I always keep my options open).

You're young enough that even a modest return, if kept up consistently, will have you very happily retired.

As far as cash on cash return at 20% down on each scenario I come up with the following for year one: 22500 (.2) = 4500 (Down payment) 1200/4500 = 26.6 % Cash on Cash Return 360700 (.2) = 72140 (Down payment) 1200/72140 = 1.6% Cash on Cash I forgot the difference between ROI and Cash on Cash.

Tell everyone you know, that you borrow money secured by RE and pay handsome returns.

Some Pointers on Sandwich Lease Options: * You Lease Purchase the home, and then sub-lease and sub-option to a tenant buyer for a better deal * If you have a smart Owner, an Owner that wants to make money with you, you can do a JV Agreement, where you share in profit over a certain amount (you are upfront about what you are doing: guaranteeing no out of pocket payments to the Home Owner in return for positive cash flow now (income) and a possible profit when the Tenant Buyer gets funded

Especially when you consider the time value of money and inflation.Overimproving, meaning spending money for improvements that don't return you 2x or 3x the money invested, is a sure way to lose money in the business.It sounds like you're thinking of this as a flip.

Unacceptably slow.That, and the postcard I got, along with the 3 that were returned to me undeliverable, ALL had ink splotches on them.Very poor quality, IMO.

The portfolio lenders will look at your tax returns but underwrite the deal more like a commercial loan where the cash flow of the property really is the guide.

:wink: It is great to hear that in return for your contributions to the site, you've gotten a lot back in return.

You may be able to return the favor by helping them out.