(August 2022)
Single-family residence buy & hold investment.Current Value Estimate: $410,000

Purchase price: $345,000

Cash invested: $5,000

If you want to connect buyers and sellers together get a license.New York has the most stringent rules for real estate.

As mentioned above, MA is much more stringent on STR regulations.

Our HOA is quite stringent.

What a tremendous accomplishment at such a young age. 

I will return to this situation in the end of this post, but first let me show you why the age of a person can be tricky when it comes to the IRS.

Hey @Brad Roche - We do a significant amount of renovation loans (both Fannie May & FHA) here in Chicago and prefer the Homestyle loan only because it's less stringent on the borrow about what they have to repair, and they provide the general contractor a material draw at closing which helps the project start on the right foot.I thought the minimum down payment was 5%.

Vanessa, If you choose the seller financed route, you could potentially continue investing under the bank's stringent debt-to-income radar, so to speak.

What they said.....everyone over the age of 18 has to have a background/credit/ ID verification and sign the lease.

Based on the knowledge and experience you have, would you consider this strategy if you had to go back at my age?