Investment Info:Single-family residence buy & hold investment.

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Investment Info:Single-family residence buy & hold investment.

My friend has 3 rental properties there alone and when I asked him about buying more he said if he did buy it would be there.

If there aren't any massive physical problems with the property, it appears you can grow income and equity.You might be able to buy this with little cash out of pocket if the seller owns it free and clear and was willing to finance nearly all of it.  

So, is it possible to get an outright loan for say 100,000 and use that to buy, flip and sell a house for a profit?

REALITY CHECK: THIS BUSINESS IS HARD.Wholesaling and buying houses off-market is a sales game—and sales is brutal.

It can be hard to say what exactly a good/bad deal is...I also think it can be very easy to get caught up buying RE - when that may not be the best option.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Investment Info:Single-family residence buy & hold investment in Stigler.