The last thing you want to do is to buy a sub-optimal asset or location where your initial equity down payment evaporates and goes away. 

Purchase price: $293,000 Cash invested: $293,000 A location that has potential to develop into a residential super power with excellent road connectivity to the rest of the city.

Remember, it is not Bigger Pocket's job to vett all of the claims on Bigger Pockets.

This is the simple playbook that tons of Americans have used to build wealth over the last 2 decades:1.

It is hard to say without going through the entire underwritting process and most lenders give a range for rates and costs.

Hey Dale,So the best way to find some GAP funding is to look for private investors either in your area or that you know that would help.

You would just approach any lender and ask to refinance.

I'm new to real estate and have recently become interested in wholesaling as a way to get started.

It had some value add components to it so there was plenty of meat on the bone.

I intended to write the lease to hold both financially responsible regardless of occupancy (effectively making her a co-signer), but I’m worried that I’ll end up evicting him if she ever does move.