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Updated about 4 years ago on . Most recent reply
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Hello Wyoming
Just saw the new local sub forum and thought I would get Wyoming kicked off! I look forward to other Wyomingites contributions!
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@Cheryl Packham, a good deal to me comes in several packages, one is a deal that has owner financing for at least the 20% down payment, and cash flows right out of the gate. It needs to at least be at market value, but some equity is preferred. Another is the distressed house that needs only a few repairs and again will cash flow with only a few thousand in work, it must have have some decent equity. The final kind of houses are the dirt cheap houses I call therapy houses. They are in my home town and I have a list of things to work on. These usually require a year or 2 of work to get ready to rent. They must be in my hometown hehe.