(edit: the property can have up to 3 units built on it...house with attached separate apartment + unattached ADU)Of course, other people are telling me to park my cash in a high yield savings account and just chill LOL, but I'm not really comfortable with that either as an investment strategy.

Pre-Closing The Contract If you are the buyer and your offer was accepted by the seller, you will enter into a contract.

Thanks @Hugh Carnaha,Well keep me posted on when and where your next pints/properties meetup is, not to put any pressure but the choice of where you get your pints could indicate the quality of the group (kidding, of course, too many good breweries in SGF).But please keep me posted, would love to get connected going into 2024.Thank you!

North Broward Area (Undergoing Gentrification)Type: Triplex Units: Two /1-bedroom units Current Rent: $1,500 per unit, month-to-month leases Tenant Quality: Great tenants, familiar with the neighborhood, payments made regularly with sufficient funds Potential Rent Increase: Neighborhood improvements and upcoming developments suggest potential rental rates could rise to $1,800 - $2,200 within the next two years Upcoming Development: A new $2.2 million road is being constructed in the cityCurrent Market Value: $680,000Current Cash Flow: $1,500 per unit, 3 units totaling $4,500 per month Condition: Needs some work Price: $435 ,000This property is a prime investment opportunity in an area poised for significant growth and appreciation.What do you think?

I think DSCR Loans are definitely in your future as you continue to grow your portfolio but probably not the best fit here:-Can strictly not use DSCR for any property you live in - would technically be possible if you moved out, leased up the unit you are currently in and provided good documentation that its legit - but this is a firm non-starter for DSCR (absolutely no occupying the property)-DSCR Rates at best are in the sixes on a cash-out refinance - so you would be doubling your interest rate at least on the current property - which could make sense but its a pretty high hurdle.

South bay price this month has reached a new all time high or up 11% between Q1 2023 to Q2 2024.

@Kyle Hendricks You say you are a lender, is that a traditional bank lender, or do you offer private lending?

House hacking, especially in a high-demand area like the Portland metro area, can be an excellent strategy for building wealth and creating passive income.

Until you have a proper valuation for raw land you cannot make an offer.

Is it feasible to obtain a loan or a good old boy agreement where a lender offers 100% financing for both the purchase price and construction costs at hard money rates, secured by a second position on the borrower's other properties?