Real estates makes money when you purchase the property.

Quote from @Olivia Armstrong: Hey all, My husband and I have been searching for a property purchase, one that temporary checks our boxes and also kickstarts our investing journey.

Purchase price: $220,000 Cash invested: $30,000Currently house hacking.

I'm currently planning to purchase a commercial multifamily building in Chicago with the proceeds of a 1031 exchange.

The purchase cost is on average $350k - $450k.

Purchase price: $25,000 Cash invested: $45,000 Sale price: $70,000 Foreclosure auction.

Since there is a co-owner, you would have to purchase the property and it is really hard (if not impossible) to pull a HELOC as the basis for the purchase (since it is not your primary residence). 

His credit score is fine but his income is showing too low to get the loan, so I though maybe I could use my HELOC to make the purchase and do a Lease to Own.

But I haven't done anything through auctions yet, as I have not purchased through an auction up to this point. 

Purchase price: $220,000 Sale price: $225,000 Contributors: Peter Vekselman Partner Driven, in collaboration with our partner Archie Raglin, successfully purchased a property on Outlook St, Mission, KS, for $220,000 on 12/30/2024.