Purchase price: $80,000 Cash invested: $80,000 Single-family residence in Las Vegas.

Dave Stech speaks on a number of RE podcasts, many times on MC Laubscher's Cash Flow Ninja podcast (one recently #848 on September 16, 2024). 

It's a year 3 or 4 refi to return 100% of the principal and then projecting a 10 year hold because it's great cash flow and all the money will be out of it. 

It's affordable and offers strong cash flow potential.

curious how do they structure a note purchase that is not all cash. did they already own the note and just sold the note to you or something ?  

Do they have spare cash?

Unfortunately with those numbers it's tough to find a non-bank lender/financial institution that will lend.Usually loan minimums are $50K and the up to 75% LTV on purchase-money/70% LTV on cash-out refinancing, which basically means you need up 25-30% depending on the type of financing. 

You want to look for words such as cash basis, accrual basis, or U.S.

Investing locally in the Bay Area will come with higher acquisition costs, but appreciation can still build wealth long term, so don't be weary if you're property doesn't cash flow right now the bat.

And, even if the liens were in excess of $255,000, the seller could bring cash to close and deliver marketable title.