I've sold a couple lately and have been seeing them close around 7.25-7.5% CAP.If Dollar General were to go belly up, the owner would have a big issue on their hands.

.): ~$1600Savings available: ~15-20% of the purchase priceCash to close: ~$34kRehab estimate: ~$34kRemaining reserves: ~$20-25kTo fully fund the rehab, I’d need to come up with an additional ~$15k in the short term, which I anticipate paying back quickly once the rental portion is generating income.

When you allow users to delete their own posts, you disrupt the flow of conversations.This is an OPEN forum, not just a closed network like Facebook.

Months later, Tenant is now claiming close to 10K.

I know that i could buy my next multi family property as a primary residence close by move in, rent half live in the other and than rent where i am now which would cash flow upwards of 1k monthly, or i could buy another multi as strictly an investment property out of state which would be a lot cheaper (taxes and cost of property) and a lot more landlord friendly laws than New York, i guess i’m just undecided on which route i want to take and I’m trying to weigh the pros and cons of each scenario.

The knowledge out there is sometimes change as new closings set new precedents.

Quote from @Katie Camargo: Recently closed on an older property that needs some updating.

If the house is a junker and the seller needs a quick close then I can see where a cash buyer makes the most sense.

We will also stick by you throughout your real estate investing journey, even after closing.

Closing the loop on this for everyone.