Purchase price: $600,000 Cash invested: $30,000 Purchased single family home, finished basement making the property a duplex.

So I want purchase it as my first rental property it's going to need rennovations for sure not terrible shape just older rancher home.

While losses help offset taxes, not being able to count that income towards the mortgage can hurt you when purchasing something new. 

I would appreciate any advice on anything I may be missing with putting this together or should neogotiate before finanlizing.Negotiated so far:Property: 9 Unit - 7 Apartments + 2 Commercial Garages (4 unit apt building + 3 unit apt building w/ commercial garage attached + standalone commercial garage on same lot)Background/Why owner is selling: A seasoned builder of 50 years, the owner purchased the property in the 1970s for around $8,000.00, later developing three apartments and two commercial structures.

Has anyone ever purchased a property from Omni Key realty in North Texas?

Purchase price: $245,000 Cash invested: $80,000 I served as the buyer's agent acquiring this property.

I have purchased my first home already!

The best option would likely be a construction loan, which can cover both the purchase of the land and the build.

I recently purchased a property in Fulton County.

Because for a certain type renter it’s just SO easy to continue renting fully furnished rather than having to spend $20-40k on furniture; come up with a down payment on a house purchase; and or worry about repairs and maintenance.