Long Distance or Local are you looking at ground up construction and new construction as a strategy?

New to renting, looking for advice.Single family home valued around $1.1m.

I'm new to doing owner financing deals.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

Hello everyone, My name is Rudy Delaney and I am new to the BP community as well as the real estate world.

Find a side gig, a new job, or work with someone in the real estate industry and learn the ropes.

Purchase price: $640,000 Cash invested: $1,200,000 Turned a shuttered and rundown 13-unit waterfront motel into a brand new vacation destination with added lakefront "tiny homes", for a new total of 20-units with yearly gross over 500,000 and cashflow averaging $40k monthly.

There are a number of great new construction builds around Philadelphia, and I'd like to reach out to the builders.

Other features include, LED lighting, new ceiling fans, updated laundry room, privacy fence, and new landscaping!

If you don’t like that kind of house, buy a different house, don’t destroy a frankly better quality home to follow a trend when there are brand-new and not-so-new houses that will give you what you want without killing it!