Since you’re looking at house hacking, you’re already on one of the best ways to start building wealth while minimizing risk.

@Jake Yuskaitis Its called Delayed Cash-out refi.

A delay in the contractors and a slow market pushed projects into that red zone where you need more time and it comes at a big expense. 

Kelly,The issues with closings or delays in most cases is not just the Bank or Lender. 

I had to move to another platform in the meantime as I have a few pending applications with move-in dates approaching and didn't want to delay. 

.❌ That delay allows errors to pile up.❌ Cash flow reports become outdated the moment they’re run.Best practice?

What’s the smartest way to handle a large one-time gift like this to minimize headaches down the road?

Permit delays are definitely a huge headache for many of us.

Today, we manage both local and out-of-state properties, and we’re actually in the process of moving again to purchase another primary residence which will turn our current home into another rental.It’s definitely a slower, steady path, but it’s been one of the most effective ways for us to grow while minimizing risk and maximizing financing options.I’m also an agent here in the Treasure Valley and have helped clients build wealth through real estate from purchasing cash-flowing duplexes to successful house hacks and even acquire property that will be an Airbnb.

My primary strategy is long-term rentals, though I am open to testing short-term rental potential with one unit if the right property allows.I’m interested in off-market opportunities or deals that are below market value, ideally with minimal rehab (cosmetic updates are fine).