Offer him 150k and he can keep the profit he sucked out of those homes :)$150k cash still too highLOL, maybe $150k with $50k down and seller carry back at 5% for 10 years…. 

Portfolio is 15% for all property types single or 2-4 units.DSCR you will be required to take at least a 1 year prepay in order to get a feasible rate and Portfolio carries "No Prepays".

You say cast iron- rip all that out and replace NOT reline it will fail in 9 monthsMarketing and waiting carry costsContractor profit 10%Or are you handy enough to order everything and replace the electrical panel?

Then there is the insurance that your GC and the sub contractors are carrying.

The seller carried a 2nd for $15k (33%) at 1% higher for 3 years. 

This land is zoned for both commercial and residential use and carries substantial value.

Let us also say I am willing to carry the second position note for someone assuming the loan. details below on the property ( I will use a property I own and could theoretically do this with... though not planning to).

So I could carry over the loss of say 2k to 2022.However, I didn't rent it in 2022, instead I rented it out in 2023.

. :( Everything you get, stash in a little folder in your carry on.

@Carter McGillTo begin investing in real estate, you must educate yourself, decide on your investment strategy, evaluate your financial status, study the area market, connect with other local investors, find investment opportunities, secure financing preapproval, carry out extensive due diligence, submit an offer, and move forward.Learn about real estate investment by reading books, listening to podcasts, using the internet, and connecting with knowledgeable investors.