If the deal is for $140k all cash (and you get $40k right back), you're probably OK. but any half-wit loan officer the tenant uses will see right through what you did, which is to artificially bump up the market history of the property to influence the appraisal and mortgage size the tenant is applying for.

This stuff is DURABLE, easy to lay down, warm and looks just beautiful.  

Beautiful home, excellent bones, built in1920, super well maintained, original woodwork, a few stain glassed windows adding character, etc.  

Are you prepared for the thrill of making money using your wits instead of your back?

The beauty of this second purchase is that is is located in a better neighborhood where the residents are longterm tenants/homeowners.

I think it would be an ok block for a buy and hold, but that block does not have the ...not sure how to say it...the beauty of some of the other blocks, thus will not draw the higher prices some of the other blocks will draw.One thing though to be aware of is where the historical district boundaries are.

The beauty of Bigger Pockets is that with the podcasts, forums, and local meet-ups, every investor can find a strategy that can make some money, when combined with personal interests and abilities!

Hi KevinI spent a month in New Zealand once-the most beautiful country.

Hello BP folks, my name is Charlie Smith and I am currently a contract pilot, cropduster specifically, living in beautiful Pensacola, Florida.  

The agent then doesn't have to split a commission and I won't be dragging around my agent and wasting his time.I just figured having my best interests in mind isn't suggesting that I pay the same price for an old run down house as a completely remodeled and beautiful home down the street.