I've seen this in the news.This doesn't affect me because I'm small time compared to these big companies.I also don't purchase any pricing software.

Purchase price: $190,000 Cash invested: $34,000 Triplex, ranch style.

And I also guarantee there is assorted investors right now getting prepped on marketing campaigns to try and market to these people to make purchase offers. 

In light of that did the developers wind up getting a pretty decent deal out of this after they took a big risk on a property with crazy restrictive zoning and no clear path forward prior to purchase?

I purchase my 1st multi family in Durham last sept, I was debating between str and long term, I went with str and I am loving it so far. my dec occupancy is Unit one 2b1b: 82%unit 2 studio: 79% So far so good and already thinking of getting another one in 2025 🤤 These are great numbers for this time of year!

Basis 525K Cashout 725K We are owed 200K due to personal funds investedWe want to purchase 2nd homeQuestions:1) Since our basis is less than cashout, will we owe taxes or can the money owed us be used to offset difference?

What % of purchase price is smart to put as a down payment? 

I used a private lendor to fund the re-hab (cash) and owner financed the purchase price (minus down payment) I have a bank account linked to Stessa and I see the cash deposit in the transaction tab. 

I’m currently going through the process of getting a HELOC and feel confident we’d be able to fund a purchase using that but using PML has ultimately been a goal of mine and would like to incorporate it into one of these purchases if possible. 

Purchase price: $330,000 Cash invested: $11,000 Sale price: $355,000 Fix and Flip