Save money for a decade, build equity in house…sell house and use savings + capital from sale to purchase house in Montgomery County MD.

Purchase price was $245k, rehab was $35k, and ARV is $330-350k.

Quote from @Conte Cuttino: Property is in C+ area but in a different School district that’s B-If I sale I’ll get 30k profit after 9 months.If I keep as a Long term rental I’ll have to convert the garage into a illegal 1 bed cottage at an additional cost of $35k leaving a total of $107k left in this deal after 70% refi and closing cost.

Hi BPers, We have just made a purchase which is our 11th property, yah!

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

Me personally I am creating an empire and I’m purchasing more then 4 properties per month I need SPEED and efficiency and so do other investors because it is competitive.

We also have a very strong rental market, and that too has high demand from investors wanting to purchase. 

I have a goal of purchasing a small multifamily this year, so I want to start making the steps to make that happen.

You can also do up to 85% LTV on a purchase. 

My point is even with a significant discount on the purchase, it will not be easy to find someone that will be eager to purchase.