You will pay for the higher risk with higher rates and origination fees but if the deal makes sense then congrats.

That move created frustration on my part and the seller and had to amend the original contract.

Purchase price: $565,000 Cash invested: $125,000 Listed Price: $585K (originally $585K, 30 days on market).

He then proceed go down $50k on their original offering to me because of the scope, amount of money, and my (apparently) my newfound lack of “experience”.

That move created frustration on my part and the seller and had to amend the original contract.

Well, my original SFH purchased in 2010 still has its original S8 resident.

You’d be able to pull out $330,455, which is significantly more than your initial $236,930 investment.Your Initial Investment Back: This means that in 5 years, you’ll not only get your original investment back but also keep an additional $93k in your pocket.However, there’s a downside:Negative Cash Flow Impact: Over the next 5 years, due to the negative cash flow of $1,229 per month, your total cumulative loss will be $(60,153).

Once you walk a property, you often have to throw your original underwriting out the window.

Your payment may remain about the same as the original deal!

I am originally from PA and still have family there.