Purchase price: $185,000 Cash invested: $23,000 Sale price: $325,000SFH bought with intention to do a live in flip and house hacked roughly $15kHow did you finance this deal?

The plan was to live there for a few years and then move when our family grew and hold onto the duplex, which is what we did. 

So from then on this financially struggling guru, living in a rented home, traveling with his ex wife from real estate investment club to real estate investment club, is being written about and talked about as a centi millionaire.

The South’s Best Cities On The Rise 2024By Southern Living EditorsUpdated on March 6, 2024PHOTO: LISA CORSONAccording to the U.S.

I also have equity in the home I live in (no longer paying rent). 

NYC is a high-cost-of-living (HCOL) city, like LA and SF - you won't get cashflow here for the first few years even if you come up with a 20-30% down payment and buy a decent multifam.

@Paul Sassin Where I live the towns only allow the owners of the property to be billed for water and sewer.

Its that beacon we look forward to, we take a moment from our busy lives and enjoy a day dream of what's coming.  

Provide the tenant with a legal notice that no unauthorized occupants can be living in the property.

Even if I lose some money on this, i've learned an unfathomable amount for living through it.