Purchase price: $263,000 Cash invested: $85,000 Sale price: $420,000 Bought for $264k with traditional financing and 25% down.

Win the Lottery

traditional 20% residential loan How did you add value to the deal?

@Bryce McBride Are you looking to do a cash-out refinance or traditional refinance? 

@Sue ZikriaWin the lottery and take the annuity.

These are people who have not yet done the work to list their house the traditional way.

As in every case it all depends on the deal, how much rehab is required, who are you are buying it from (wholesaler - definitely cash or hardmoney) traditional seller off MLS financing possible.

Gives some aspects of flipping and traditional buy and hold so you and your cousin could both learn along the way.

We hit the buy and hold lottery with our first home. 

I have <$100k left on my current mortgage and will be paid off 09/2022.Would use the equity in my primary residence to purchase and rent single family or multi homes ($350-$450kType of financing sought: Not sure,.Current or prior ownership of real estate: Primary residence in Houston, and Apt. in ItalyOccupancy: Investment with traditional long term leases.