Residential investing is not rocket science, knowledge is not the issue: there are many good books out there that walk you through every detail you need to know.

I partnered with a friend on this deal, he put up $20k and his contractor knowledge and I the rest of the money to complete the work.

Quote from @Michael Goddard: It is always great to hear someone coming from a place of giving to gain knowledge.

Hey Jeff without knowing any details everything is what you are able negotiate. but you have to take in account the years interest rate and purchase price and what kind of cash flow.I will say get a mentor if you’re inexperienced these kind of deals can go left if you really have little knowledge when it comes to structure .

If you're open to sharing your knowledge or having a conversation, I would greatly appreciate your support.Please feel free to reach out—I look forward to connecting with you!

Purchase price: $130,000 Cash invested: $9,000 Sale price: $185,000 I did not have the knowledge then to keep the property and pull money out to complete renovations to another property we purchased a year after this one that required a complete overhaul.

But we just don't know how extensive the damage is on the inside. 

This site is a wealth of knowledge and can help you to learn so much about REI.

There is knowledge to be found in these media forms, but knowledge isn't their first motivator.  

Just a builders risk policy if you are doing an extensive rehab on the property and then a landlord dwelling policy when the property is rented.