Purchase price: $355,500 Cash invested: $75,000 Rental Property near community college What made you interested in investing in this type of deal?

The asset was purchased at 76 million and it recently appraised at 63 million.

I own a small multifamily commercial in Albuquerque and can confirm the diversity of the economic and cultural factors that you mentioned. 

It allows you, the wholesaler, to transfer your rights to purchase the property to an investor.

The environment now with higher interest rates and higher purchase price does make it more difficult but definitely doable. 

@Aristotle KumpisWe do 10+ Flips/BRRRRs annually and fund with Hard Money and Private Money.Hard Money will fund 90% of the purchase price and 100% of the rehab on a draw schedule.Our Private investors will fund the remaining 10% of the purchase price, the first portion of the rehab (to be drawn later from the HML), and the holding costs.Of course, with private lenders, you must give up equity or a return on the debt.

There is no record of them being purchased by RAD among the city’s real estate filings.

It is possible to get 90% of your purchase price and 100% rehab funded as a first timer in 1-4 units.  

DOM nationwide isn't really terribly useful; in extreme situations we will already know the national economic situation.

Aim to increase your Operating Income by acquiring 3-4 units for the next purchase.