What I will say no matter what you are buying, do your due diligence on the seller, your teacher, the asset and everything involved in this space. 

However, you could buy a property with seller financing.

As a CIPS designee, Ive gained access to a global network of vetted real estate professionals, making it easier to connect buyers and sellers across borders.

In short, this would be an entirely appreciation-based investment.Given the state of the economy today, with high interest rates and the seller-buyer lock out effect, I want to discuss the pros and cons of this investment at length, specifically in the context of all the other properties / neighborhoods that I have been evaluating. 

Since competition is high and inventory is low on Long Island, I recommend BP members try to go direct to seller which is an active form of building an off-market deal list. 

Some investors won't allow the agent to also be the buyer or seller.

Even if we do know the exact transfer tax, we haven't seen the contract to know if the transfer taxes are being paid by the buyer or the seller or if they are being paid 50/50. 

When considering creative financing, it’s crucial to fully understand the terms and risks of partnerships, seller financing, or using HELOCs to avoid overleveraging.

The seller signed an affidavit at closing attesting there were no outstanding liens, invoices, etc. on the property.  

We took about 14 months to close this deal and the seller was very generous on keeping the price low.