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Updated about 9 years ago,
Question about my first possible deal
(this will be my first deal, i have limited/no experience beside reading the forums and listening to the podcast, I also have limited funds for a down payment)
I have a friend who is renting an townhouse 2 bd 3 br built in 2004 (with a HOA) from her cousin. Her cousin is a doctor who has moved to a different state. Once my friends lease is done the cousin wants to sell the place. The cousin doesn't care about real estate investing or evening going through a realtor to sale the place. And I know I can buy the place below market value but not dirt cheap.
My question is how should I wholesale the house to a buyer, ask the cousin for seller financing, or another method.
My long term goal is to be a buy and hold investor of multi family homes, but I would like to flip homes to build capital to invest in multi families.