Purchase price: $1,900,000 Cash invested: $750,000 12 bedroom, 12 1/2 bath, home built in 1905 that was previously a rooming/boarding home.

Nobody ever tests for lead-based paint in homes built before 1978, because once you test you have to disclose.

     * House is a 2699 sq/ft Single Family Residence| 3 beds, 3 bathroom | Built in 1956 | NO HOA     * There is a chance I could pay only interests so I can start saving some cash for the incoming maintenance and annual payment equivalent to the 12 monthly payments (~$5,029.77 per year during the balloon period)The advantages I can identify in this deal for me are:* Lower interest compared with traditional loans* Lower down payment compared with the ones compared for traditional loans* House is technically ready to be rented (waiting for the inspection) * Forecast - 3 yr growth (appreciation) is expected to be 8.1 % (Bigger Pockets)The disadvantages I can identify: * I am still vulnerable to foreclosure if sellers don't make mortgage payments to the bank.* Refinancing issues at the end of the Balloon Payment?

Investing in places like Rochester and using strategies like BRRRR can be a great next step once you’ve built equity and stabilized your income.

His website is built for investors and he is an investor himself.

In some cases they cannot pull the money out because it is now (Non-owner occupant) an investment and their credit union or bank may cap them at 70% or 75% MAX LTV.Nothing wrong wiht putting 10% down on a primary but look at the rates on both 5% and 10% usually when you have PMI built in the rates stay the same.

I have been poor very poor living off food banks and pawning items just to eat for a day and do it again.

However, I am running into a consistent issue - currently I am using REIPro's built-in skip tracing software, but it seems a decent amount of the numbers this program pulls are disconnected or are not the right person (I.E.

So basically I had to put 15 to 30k into each one just to get current market value and compete with the new builder grade rentals being built..

@Zachary Sakena Purchasing properties through an LLC is all you truthfully need and that is more for business planning than anything else (if you consistently follow through on the items I previously shared).