I think Grant Cardone says that owning the home you live in is one of the worst investments possible.

The guy either has the worst luck or he's telling you stories.

Purchase price: $157,000 Cash invested: $150,000 Sale price: $427,000 Hey guys this was the absolute worst house I have ever seen and it turns out to be one the most profitable deals in my career!

I think worst case we blow through cash paying off the HELOC, then just load it back up after closing.

Still it might not be the worst idea in the world to have some allocation for bitcoin considering JPMORGAN has a $650k price target and Citibanks is $300k.

I will give brief context and do my best to explain the current situation and my goals.I bought a house with my then girlfriend in 2008 (worst time, I know!)

You would be surprised where people airbnb, I would suggest you just go for it, I would almost be sure that the worst that could happen is that you make the same as a regular rental, again that would be the worst case scenario.

Here are the numbers based on actual expenses:8 unit building (77022) 100% occupiedPurchase Price: $485,000Seller Finance terms: 7% interest rate amortized over 30 years w/ balloon payment at the end of 5 years with $190,000 down              --$295,000 owner financed at 7%= $1,721/mo or $20,652/yr              --$190,000+$75,000 Rehab= $265,000 in Hard Money/Private Money/JV    Current Rent: $600/mo [$57,600 annually]Market Rent: $700/mo (w/ less than $5,000 in repairs) [$67,200 annually]After Rehab Rent: $800+/mo (w/ $75,000 in rehab costs) [$76,800 annually]Expenses: $26,388 annually (includes 10% property management, insurance, repairs & maintenance, utilities, and taxes)      Reserves: $2,400 annually ($300 per unit)NOI after Reserves at Current Rent ($600): $33,590NOI after Reserves at Market Rent ($700): $39,010NOI after Reserves after Rehab ($800): $49,644Cashflow after debt at Current Rent (not including Hard Money/Private money) = $12,938 annually or $1,078/monthCashflow after debt at Market Rent (not including HM/PM) = $18,358 annually or $1,529/monthCashflow after debt after Rehab- 2 Phases                     Rehab Phase (1st 6 months): (including Hard Money + OF at 6 mos= $15,768+$10,326)= -$1500 to -$2500/month or -$9,000 to                           -$15,000 total for estimated first 6 mos. ( OR worst case scenario-- -$26,094 or -$4,349/mo for a total of 6 months with no rent                          at all)                     After Rehab Phase (last 6 mos. with $800/month rent): $38,400-[$10,326 (6 mo. of OF payments) + $13,194 (6 mos of expenses)                       = $14,880 for 6 mos. or $2,480/mo.                    

Cheaper for them to sell a property for 50k and have you settle up the 2k in back taxes then to sell for 50 k and then they have to pay 2k in taxes.I love real estate but it does bring out the worst in some people.  

When good long-term tenants head south on you is about the worst situation to be in.