Thank you both for the awesome feedback.
I have enough money saved for the down payment at 20%.
But like you said it might make sense to do 100% finance if its a good rate.
@Eric Thomson Can you show how you did that math with $40,000 down?
Has anyone re-metered a property before and I agree with you about considering it upfront costs.
@Raymond Williamson
I loved all the questions you made me think about and would love to get more questions to say the owner, please keep sharing.
Do you have the reserves to put down? YES I DO
Are you managing it yourself or are you going to have a company step in? '
I would manage the property as it is only about 15-20 mins away.
Do you have experience in construction or do you need to contract out all the repairs?
I would be contract out all the repairs.
I will open up the lines of communication with the seller and get to know his problem and see if there is a solve for it.
What other questions would you ask the owner?
