Some more details (more typing lol so please excuse any typos or short hand I use on this blog)I was in CONTROL of the deal the whole time, which everyone says is the #1  ( Agreement to Purchase or Assign, and the Assignment Contract.

My bank is asking that I start getting more detailed with my Quickbooks so they can see what each property is doing versus the entire portfolio.

Purchase price: $1,550,000 Cash invested: $385,000 Contributors: Enis Shehu Building Details: 4 FloorsTotal Area: 6380 SqFt3 Legal UnitsPrevious Unit Breakdown: 2 Bed /1 bath for top 3.

Purchase price: $1,550,000 Cash invested: $385,000 Contributors: Enis Shehu Building Details: 4 FloorsTotal Area: 6380 SqFt3 Legal UnitsPrevious Unit Breakdown: 2 Bed /1 bath for top 3.

When you make an offer and you have that inspection contingency time, that is a good time to get the GC in there officially with a more detailed estimate based on the scope of work that you would produce for them.I can't urge you enough to read books and study spreadsheets (a bunch of them here on bigger pockets).

I have a potential purchase for an investment property and have a few questions about creative owner financing.A few details on the property:It is a bundle of 2 duplexes.

It would be a CASH purchase with the Bank.Thanks for some detailed help!

They often have state specific details, forms and forums!

Hi Sunny,Like what @Chase Louderback did is correct, like he said, you need to know what your expenses will be and have a very diligent and detailed understanding of how the property will operate.

@Leslie@Leslie Cappsundefined you should contact @Evan@Evan McCuenundefined, he has done some detailed analysis of what zip codes work better for what strategy