Quote from @Cody Miller: I have been in my home for 7 years and have accumulated some equity and wouldn't mind using this to buy a rental Most people will recommend you cash out some of that equity and use it to purchase a rental.

Looking for cash flowing single family homes in the Portland, Beaverton, Newberg, Salem areas of Oregon.

Inspite of the recent correction, as the house prices currently stand and with inflated interest rates plus steeply rising property taxes (year over year municipalities have increased taxes and utilities 7-15% to make up for covid deficits); cash flow is virtually impossible even if you buy in the GTA outskirts like Oshawa, etc.

I have 11k cash and the rest I’m taking out if my 401k. 

If you are under $2500 for taxes to me that is winning on price - just make sure they know real estate and your type of Real estate

I am not planning on driving the routes - would need to have a manager & dispatcher while having trucks and drivers actually drive the routes and deliver packages.The businesses seem to be quite strong cash-flow-wise but I'm not sure if it's a good idea to get into this business.Would appreciate any feedback on this.Thanks.

That helps to contribute to a great NOI on a cash flowing SFR, or MF 2-4 unit.You actually can still get a property that offers acreage versus a typical small to medium size lot.

In return, the lender would receive monthly cash flow and a share of the profits upon sale.

I'm actually in the process of doing a cash out refi for this property with a few more properties I own into a portfolio loan.

If you buy distressed, leverage your cash against hard money and put 10-15% down and rehab the property.