From that deal we bought our next and first fix and flip property the following year.

The person who bought using "Subject To" has no money, no credit, that is why they bought using SubTo per the Guru's loquacious advice, along with 120 C notes they borrowed to take the "course".

However, if you bought the ugly house in an "A" neighborhood.

The last few years have been great for investors/homebuyers who bought pre-con, but looking back to the few years after the 2014/15 boom, this wasn't the case, where many had actually committed to buying a property that wasn't quite worth what they signed up for closer to closing because the appraisal weren't matching the contract price, requiring a cash top-up.

Last year we helped eight buyers acquire exceptional coastal STR's in; Brookings, Gold Beach, Bandon, Manzanita, Arch Cape and Yachats, with two in 2025 under contract in Seaside and Rockaway Beach.

But there are John Does who pay monthly rent in excess of what would it cost to finance a purchase of home bought for 70.000-80,000.

One time when I bought on owner financing, I totally forgot that I didn't have property taxes included in my interest-only payments to the seller. 

You can leverage the first deal you bought and your experience so far, which is a lot compared to someone starting.

I do have additional coverage for the sewer since I knew it may have issues before I bought the property. 

We can cashout refinance this at 3-6 months from the time you bought the land.