This is a single-family home in a commercial and multifamily zone, so I believe that if the right investor obtained this property, it could be acquired at a higher price due to its potential for significantly higher cash flow.I'm wondering if I can increase my asking price because of the property's zoning potential.

Since you are beginning to acquire multifamily properties, you will be taking a loan under your own name i.e. you are the guarantor.

If you've been unable to do so using their phone or email, which you also acquired in their application, you'll have the option of reaching out to one of their contacts to let them know that you need to settle the balance for the tenants' security deposit, and request a current address - or ask the contact person to have the tenant contact you.

Purchase price: $155,000 Cash invested: $15,000 My investor was excited to acquire this condo in the Folcroft neighborhood of Delaware county.

The property was acquired for $200,000, with a minimal renovation budget of $5,000, and a promising resale value of $251,000.

I'm looking for ideas on how to handle a potential bust cycle and prevent it from blocking my progress towards acquiring a second property.

I'd like to acquire one for say 60k with a 20% down-payment of 12k.

Since it is your first deal, some things to consider before acquiring would be:- Have you underwrote to account for unexpected expenses?

It is only for the period of time that you need to acquire the regular commercial loan and pay back the HML, what are usual terms and rates for HML?

Set your sights on acquiring another solid deal.