Purchase price: $15,000 Cash invested: $25,000 Sub to deal - paid the seller and wholesaler $15,000 + $7500 closing costs to assume $84,000 mortgage with a monthly PITI of $575.

@Christopher HeidrichRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I definitely wouldn't sign a purchase agreement before seeing the property.

Purchase price: $129,000 Cash invested: $5,000Condo we lived in and fixed up.

Hello,I am interested in purchasing a recently renovated $195K property as a 'secondary' home for the next 4 years to use as a future LTR.

I wouldnt give any consideration to what the seller needs in order to break even in determining the purchase price.

My name is Ashley Kroft and my mother-in-law has a property in El Paso, TX that will be refinanced soon to purchase my husband and I's first rental property.

Hi All,I have only been in Chicago for 5 months and purchase my first investment property (house-hack).

My goal is to purchase my first property between now and mid to late 2025.

To defer all tax you must purchase in total at least as much as your net sale.