Use the 3-5% down loan to reduce your $$$ down and use the remaining of that $60,000 you have to start reserving for the next property or use for renovations to force appreciation!

If you’re comfortable with the monthly cash flow hit and your goal is to scale, pulling that equity out and putting it into a BRRRR deal might make a lot of sense, especially if you’re confident you can force appreciation and refi again later.

Usually the less you give them, the more secure your investment will be & forces the borrower to come up with their own capital & skin in the game to make it more serious.

I control the price I buy at (equity gain at the buy), I can force appreciation on my own terms, I get the monthly cashflow, I get direct tax benefits, appreciation and loan paydown that directly affects my net worth since I own the asset.

Forced appreciation via renovation.

Trust your gut on this one, don't let them force you to close on their schedule, and seek the advice of local professionals regarding values and contracts.

There are definite pros and cons to OOS, but you have to get laser focused on your goal and your resources to ensure you are investing for the right reasons in the right places.Pros: - more options to invest as you aren't as market limited- forces you to build a business and have teams in place to handle the day to day ops- can keep you emotionally less invested and hopefully help make smarter decisionsCons:- harder to manage because you are going to be managing property managers, contractors, realtors, etc but doing it from a distance.- harder to get things done at weird hours for emergency repairs or issues that come up- easier to get taken advantage ofAlways start with the goal first and make sure the types of properties, the market, the tenant/landlord laws, the business environment etc. of where you invest are actually aligned with your goal.

Which means you are forced to turn the SFH into multiple units and/or add a ADU.

Cost me the $20,000 to get it resolved but was able to force the partner to buy me out.

., Huntsville, Birmingham)Job growth in tech and manufacturing sectorsBRRRR spreads still possible with tight rehab controlGood access to local credit unions and DSCR-friendly lenders What I Look for in a BRRRR Market:Undervalued or aging housing stock (good for forced appreciation)Stable or growing populationRents that support 1% rule post-rehabInvestor-friendly lenders and appraisersSolid property management options (if remote)Thanks, Kyle Wheeler