Downpayment, but won’t qualify. Any options?

[Steve Adler]

Hey BP Community, I am glad Tiktok has introduced me to this website haha! I have been following the STR method and researching on it, and I wanted to pick everyone's Brain on it.

I have $250k cash to invest, and I'd prefer to do it in STR, and get as close to my goal of 4-5k cash flow possible. The problem is I am pretty positive I won't qualify if I tried to use that downpayment on a 1M property. So if you were in my shoes what would you do?

I have another possibility in my head but, that’s for another post. I look forward to hearing from you all!

[Joshua Strickland]

@Steve Adler A $250k down payment should get you around a $1 million dollar property. In the right area that property can gross anywhere from $125k - $200k (current STR market, which could change). As long as you manage it right you should be able to net your goal plus potentially a decent amount more.

Just make sure you aren't taking on too much risk and have plenty of reserves. STR is a mix of real estate investing and a business so I would caution going all in on your first one.