I can promise you that my first deal was TERRIBLE, but I lived at a reduced monthly cost to living than renting/buying a single family and that is what mattered. 

This puts your family’s home at risk and is unfair and irresponsible, in my view.The claim that “hard money loans for existing deals are difficult to get” is simply not true.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Cleveland.

When considering single-family homes (SFH) or small multifamily properties, it’s important to analyze rental demand, local property values, and rental rates to ensure you’re getting strong cash flow potential.

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence fix & flip investment.

If this was me, I would leverage my equity into a commercial office/retail/industrial multi-unit or multi-family property.

Pros of RE:- leverage (can house hack and put 3.5% down FHA, 5% or 10% down conventional loan if you live in one of the units, 2 to 4 unit or buy single family, live in it and rent out each room and buy a $500,000 or $1 million asset).

Investment Info:Small multi-family (2-4 units) other investment.

Quote from @Alicia Marks: Quote from @Tom Wagner: Went down to the studs on a four family in Jersey City, NJ and am on pace for about $220/sqft.