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.

Thanks so much  Hey how are you doing, I’m also looking for a reliable PM in Cincinnati.

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.

On the flip side, if you've got a bunch of Section 8 tenants living in a building that's in a neighborhood where a lot of the tenant base has good jobs, high credit scores, and are generally reliable people, you've got the most risky tenants in that tenant base and that ain't what ya want.

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.

Investing in single-family residence fix-and-flip projects in New York involves purchasing distressed or undervalued single-family homes, renovating them, and selling them at a profit.