I went all in, I had a few 401K’s so I cashed in the one that was growing the slowest and took the penalty and purchased my first property.

Purchase price: $655,000 Cash invested: $40,000 Sale price: $770,000 Purchase and hold.

Purchase price: $74,000 Cash invested: $25,000 Sale price: $145,000 I acquired a property from a couple needing to relocate, with significant repairs required.

I used a hard money loan to purchase this off market deal.I rehabbed the upper two units within two and a half weeks and have a renter already lined up for one unit.

You're gonna want to be around $400k purchase price to be in a good area too.

Purchase price: $275,000 Second investment property purchased in 2021.

I have owned it for a very long time and had depreciated most of the original purchase price. 

The larger the purchase price the greater the spread you need between purchase price plus holding costs plus rehab cost and ARV.  40k projected profit on a 600k project is too skinny for me. 

For purchase price, use this formula,  (Arv * .70%)- Rehab = Purchase Price Good evening Dustin, I went onto the webpage for Arizona association of Realtors and I found the agreement for 2024, however I am not licensed so I do not have access to download the contract.

Quote from @Landon Sheveland: Hello,My wife and I, are attempting to purchase our first property.