Takes a lot of time for the first one so you need to stay disciplined and consistent. 

Here are our mortgages and a snapshot of each one1) Primary residence: 6.2%, $2,240/month (29 years left)2)First rental: 3.2%, $1,440/month ($500 CF, 10 years left)3) Second rental: 7.2%, $2,100/month ($300 CF, 30 years left)4) Save another 20% for another investment home.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Especially now that home values are about to increase again, mostly in part to lower rates as of last week and still lower to come after the election and into 2025.As these mortgage rates continue to drop further it will cause more buyers to come off of the side line putting in offers. 

Being that the rate is slightly lower on primary residences, a lot of clients look to maximize their leveraging off that line first. 

Which means even if you had an inspector there on that day, it would be a few days before you could get coverage (assuming there were no issues needing remedying first, like an old water heater, roof, etc.).  

Purchase price: $145,000 Cash invested: $36,352 Sale price: $250,000 First property purchased to be a live in BRRR, ended up being a live in flip as we moved out of the area.

I call and first he doesn't answer so I double dial and he's this guy with a heavy accent but his profile says he lives in Texas but from Switzerland. 

There are much better lenders out there with better rates, and terms. 

We have helped many BP members buy their first property here!