Purchase price: $850,000 Cash invested: $140,000 Sale price: $1,476,500 Source: Cold Call, direct to sellerProduct: 12 unit multi familyPurchase: $850k, owner financeLoan 1$250k first position loan (down payment to seller)2 yr balloon, 12% interest onlyLoan 2$600k second position seller finance3yr balloon, 0% interest, 30 yr am, 8 month deferred paymentsThree 4 unit buildings.

Imagine thinking the biggest positive impact you could have on your community was narcing on people down the street for using their private property.

You've given me some very valuable action steps to figure out what works best for my position.

This puts us in a good position, in terms of making sure we are not taken advantage of by any contractors. 

I'm getting back into lending and I've had a recent offer for a loan as a second lien position.

I agree with John about condos - I have never really had positive experiences with them. 

Because positive cash flow would be small.  

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

I have heard the target is at least 400-500 per month net positive cash flow based on 20% down.

Justin - i, like I imagine hundreds of users on this forum, have been in exactly this same position.