Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago,

User Stats

5
Posts
0
Votes
Jon Van
  • Wb/ scranton area, Pa
0
Votes |
5
Posts

Least amount out of pocket

Jon Van
  • Wb/ scranton area, Pa
Posted

Hey all,

First post ever on the bigger pockets forum and I can't believe I have not found this place earlier. Here goes. I currently have successfully flipped two homes in the recent year also own / live in a duplex that I rent the other side out and own another SFR (no mortgage) that's rented out. I am self employed and do contracting on the side. Ok first off I absolutely hate using my own cash lol. A family member owns a duplex down the street from one of my properties. He had just entertained the idea of me purchasing his duplex for 50k fully rented brining in ~1100$ per month for both units combined. The property is worth the money no question. I have also started an llc for my side business. What's the best way in you opinions to acquire the property with the least amount of money down with the most residual. I'm looking to hold on to the property. I have the cash to buy it outright but.... being self employed the banks always try to lean on me because of my income due to write -offs . I like to hold on to my money tight!!!!! Also my credit score is 812

Loading replies...