I sold my offset printing business and a few years after the turn of the century, I took a job at night at my friend’s company to keep food  N the table while I built my real estate empire.

Of the $80k needed to purchase and rehab, I am only bringing about $14.5k to the closing table which I plan to get back in May.

It creates an inconvenience for the tenant when they go to their car after a flash flood and the french drain doesn't work well and they are up to their ankles in water trying to get to work, etc.

@Jimmy Dudley  its sort of depends on where you live and closing customs.for instance on the west coast there is no such thing as a wet closing.. or having all parties come to the closing table.. simply never happens.so when we sell something here I usually go in and sign ( if I want to I can also just have them e mail docs and I sign and they send a courier to my office.. )this is done 2 to 10 days before closing.. then the buyers come in the 3 days before usually because they have their 3 day right of recession ( owner occ mortgages)  then the loan package goes back to the lender.. then the title company has to record in the morning.. and has to send recording numbers to the lender then the lender funds.. then the next day once this is done title company will cut checks or wire proceeds.. for us 100% wires we never get checks.. its always kind of comical when I am sitting in my office in Oregon closing a deal in some east coast state and the closing attorney sends me an email with the time of the closing and wants to know if that time is good for me like I am really going to be there..

I'd like to pay off my equity note right away, but it's not an urgent need, as long as buyer's payments cover my monthly nut ($250 equity loan, $300 taxes, $75 HOA).This seems like a puzzle to me - all the pieces are on the table, I just can't see how to fit them all together to complete the task.

Hello BpWe recently acquired a quadplex and in the closing table, came to know that the seller filed for eviction on one of the tenant as she default the rent payment.

There was a lot of hard work, determination, and persistence in this project.Rehab Budget Row Labels Sum of Amount Details of Rehab Exterior Improvements $367,020 1) All Exterior Carpentry, Brick and Painting Work2) Tree Trimming3) Foundation repair work for 2 building4) French Drain to reduce soil movements HVACs $146,307 New HVACS replaced as needed Interior Unit Rehab $502,094 1) 5K Budget on average for a unit interior.2) Total 81 units remodeled including new painting, crown molding, new vinyl flooring, new stainless steel appliances, new fixtures, resurfaced countertops, new light fixtures, new ceiling fans Landscaping $30,000 1) Landscaping near Office area and Villa Lighting $6,932 3) Exterior porch lights and critical building lights Maintenance Tools $10,653 4) Maintenance tools such as HVACs Gauges Office/Laundry/Community $76,718 1) Office were renovated completely.

I don't want to carry a note forever (love the idea of the income, but I need the cash for other projects), but I'm willing to do it for a year or two.This seems like a puzzle to me - all the pieces are on the table, I just can't see how to fit them all together to complete the task.

The table illustrates different type of real estate business model.

I don't mind coming to the table with more than 5k.