Still open to the idea, but trying to come up with additional creative options to finance my first home.Numbers aside, the idea would be to purchase a multi-family property using my own funds/FHA loan, receive private funding for the rehab, create instant equity in the property with the rehab, and re-finance after 12 months into a traditional mortgage and pay back the private lender plus interest.

However, the thing that makes it worth it to at least pursue is the potential to have instant equity if he really does sell below market value and my knowledge of the property.

Now for years now I'd been looking to find a way into real estate investing and I instantly saw this as a unique opportunity to utilize the BRRRR method.

In reference to your topic I started off locating absentee owners and it was a roller coaster it requires a lot of research because when you find someone who acts like they want to do the deal they are never 100% honest about the house and whose connected to it, and always remember when someone walks always from a house that's never good you are instantly looked upon as the person who can fix it all.

If you are frugal, however, the long term health costs of eating a instant Ramen rich diet, which includes both long term medical costs and quality of life considerations, make them potentially very expensive.

Boy, I'll tell you something - if that happened to me, i would INSTANTLY jump on it, but the problem is this...it seems too good to be true.Do you all find deals like this?

If you want instant buyers that are ready to go now, your best bet is to join a team that has an ISA.

Without going into too much detail, I hope to get at least $20k in instant equity because I won't bid any higher than that margin and assuming minimal rehab costs because I've seen interior photos.

I have been given a pre-market opportunity to purchase a rental property from an owner, however I am not sure if the rents are capable of creating an instant cash flow while living for free.Any advice from members in this area would be greatly appreciated.Thanks!

You have to move FAST when buying, there is lots of competition so the good deals are gone instantly.