While this statement is typically referring to those who buy, renovate, and resell properties, it also applies to those purchasing properties for rental purposes.If you don’t acquire a property at the right price, you’re already at a disadvantage.

Hi Scott from Detroit, MI-Congratulations on having the cash or a line of credit to pay for a 2 bed/1 bath rental for 58K and you wonder which would be better to use and are leaning toward paying cash.I think that is a great plan as the interest rate on your HELOC is currently 8.99% for you.There is also something to be said for stacking a few paid off houses for cashflow compared to using leverage.To Your Success!

Quote from @Hayley Chan: I'm looking to purchase an RV that my family will use some of the time but MOST of the time we will have it listed on AirBNB.

With 100% Purchase/100% Rehab Hard Money loans, you can buy at 50-55% of ARV, renovate smartly, and refinance at 75% - 80% LTV, often hitting 40% + cash-on-cash returns (Minimum).

Recoup those expenses, my friend.

Quote from @Brandon Le: Your first purchase could/should be a house hack.

Has anyone purchased any and had success?

You could say something like: “We took care of it this time, but regular cleaning is part of keeping the appliance working properly, and we’d appreciate your help with that going forward.”Keeps it friendly but sets a boundary.

Purchase price: $40,000 Sale price: $43,000 Quick and easy wholesale to a mobile home flipper!

Purchase price: $560,000 Cash invested: $180,000 Sale price: $952,000 This beachside property was acquired during a market dip and held for long-term appreciation.