Purchase price: $530,000 Cash invested: $20,000 Hello all!

I recently had a client purchase a duplex in Forest Park here in the western suburbs with this exact plan in mind.

@Chase Calhoun mainly we work with local builders but we have also purchased from the regional builders as well.

I also purchased these while residing in CA!

I'm a fan of using the HELOC to help purchase new property.

I've purchased about 10 properties for myself and have always use my own broker.

If you are in the Tampa area and plan on purchasing there, I highly suggest you connect with @Josh Green.

Did you purchase this property all cash? 

Most commercial lenders do not require any seasoning for that entity which means that you can create an LLC and use that entity to purchase the property immediately as long as you have the proper documents.

To clarify, I didn’t invest in a “fund,” but rather purchased a note for a specific fix-and-flip project.