Purchase price: $64,250 Cash invested: $12,000 Sale price: $175,000 We purchased this mortgage note and ended up foreclosing on the property.

Hey Jason - if it's a 1-4 unit, you would need to value it based off the sales comp approach (assuming the buyer is using debt financing).

All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper.

Purchase price: $100,000 Sale price: $147,000 Contributors: Peter Vekselman Partner Driven and Debra Cottom teamed up to purchase a home at Bayport Dr, Lancaster, TX, on 12/10/2024, for $100,000.

Purchase price: $78,736 Sale price: $115,000 Bought a house in Kenmare, ND that was freshly remodeled.

Even in disclosure states, sales data is not all reported to the sites so you need the MLS to be the most accurate.

If you're local, you can start by really learning the market by driving the neighborhoods, studying recent sales, and getting to know what areas investors are targeting.

Do you know how Sheriff's sales work at all?

If they’re selling for a $400k+ gain they could look at a 1031 for:A super nice 2-4 unit they wouldn’t mind living in a unit of where the rental portion exceeds their 1031 sale. 

I am planning to make the purchase with a Black Friday sale!