I'm a good 20 years from retirement, but I'm using this strategy right now, and then if rates come down at some point and I can do a cash out and maintain cashflow I'll consider it.

Pros I can think of: - higher rent rates (renting by the room) - saving cost and time on upgrade - easier advertising Cons I can think of: - high turnovers  - limited screening - possible wear and tear  

This can affects a lender’s credit rating.

We receive stock at certain intervals/milestones, can buy it at a discounted rate, receive payments when our downline makes a sale (which comes from the company's share of the deal, not the agent's), and have an amazing culture of supportive collaboration like none I've seen in any company, much less real estate.

Loan rate/terms get complex once you hit that 5+ unit property, so you'll ideally want to work with someone who can help on both sides of your plan.I'd also consider MTR as an option for a $70K property.

i would be purchasing the property with an FHA loan. and im also looking for solid cashflow + long term holding I think house hacking is great way to get started, especially here in SC so you can take advantage of the lower tax rate.

I just received the appraisal for 2024 and the assessed value will increase $28K, increasing my taxes $600 if the tax rate doesn't increase.

Hey Yona, Columbus offer a great balance between affordability and rental rates.

I’d need to borrow about 50% of the value of my current home to fund the remainder of the price of the new home, and would retain the current home as a rental.

I funded several dozen notes using my retirement funds and so hundreds of my clients.