I had a flipper come to me asking about doing a new development.He would need $240,000 to purchase the land from a wholesaler and then he would have his GC partner get the construction loan but they cant get the loan if their is someone else that has a lien on the property so i would have to collateralize against one of their assets which they don't have.

(Which you could also then do with your new purchase in 2 years.

Hello, I am new to the BiggerPockets forum and looking to purchase my first investment property this year.

Purchase price: $35,000 Cash invested: $35,000 Sale price: $110,000 Purchased off-market from a tired landlord, this fix-and-flip involved renovating a distressed property with outdated features and deferred maintenance.

Purchase price: $35,000 Cash invested: $35,000 Sale price: $110,000 A fix-and-flip project purchased off-market from a tired landlord involved buying a distressed property with significant deferred maintenance.

But unless you get a value-add property, purchasing real estate really doesn't make much sense in this environment?

However, due to keep purchasing real estate, my DTI is high and close to 50%.

Yes, I'm looking to start with single family homes (Purchase price ~<$150k, resale around $225k - $250k) in the Pittsburgh area.

I want to purchase an underperforming asset at a Price of X.

Have you guys ever purchased a property without physically seeing it?