Generally they will want the investor to be a member or have a business relationship with the CU.

Partner Driven financed the Crossfire Dr deal using its own capital, covering the $295,000 purchase price and $10,000 in renovation costs.

Purchase Price: $39KRehab Cost: $32KARV: $100K  As you can see from the pictures, We redid mostly everything here; Windows, doors, flooring, kitchen, bathrooms and drain tile in the basement. 

Which in turn will bring plenty of other investors and general business to the area. 

It's not  gain, it's  cost. 

Let's say you rent it to an operator, and their business fails, but they leave all the residents in place. 

It seemed like the most logical way to get into real estate, and my partner was more experienced in business than I was at the time so it was a no-brainer.

The market is booming in both the business and real estate sectors.

I too am someone new to this business and hopefully leaving my full time job one day to pursue investing only.Good luck on your duplex and many more!

Here are some tips and insights to consider as you begin building your real estate portfolio:Options:Refinancing: If you have equity in your condo, consider refinancing to access funds for future investments.Investment Loans: Explore options like conventional loans for financing future rental properties.HELOC: Depending on your equity and financial situation, a Home Equity Line of Credit (HELOC) could provide flexible financing for down payments or renovations on new properties.Build a Financial Strategy:Budgeting: Create a detailed budget that includes mortgage payments, property taxes, insurance, and maintenance costs for your rental property.Cash Flow Analysis: Calculate expected rental income versus expenses to ensure positive cash flow.Emergency Fund: Set aside funds for unexpected repairs or vacancies.Research the Rental Market:Location: Choose rental properties in areas with strong rental demand and potential for appreciation.Tenant Profile: Understand the demographics and preferences of renters in your target market.Market Trends: Stay updated on rental market trends and local regulations affecting landlords.Property Management:Self-Management vs.