Harlem is undergoing a significant transformation, and properties like this one, which offer both historical significance and modern amenities, are in high demand.

Purchase price: $275,000 Cash invested: $294,000 Sale price: $355,000 Seller was behind on pay HOA payments and in risk for losing the property.

Most credit collection agencies are limited to sending demand letter for an initial fee of $200 to $240.

If this does not happen the seller could walk with your hard work, equity, and money.

Given that the seller is financing the deal for the 2 years and then the plan is to re-finance it with a bank, I am having difficulty producing such financial analysis.

Great way to build a business and a rolodex of listings/sellers.

The seller will remember you also if anything goes bad with whoever buys it from you. 

Starting with buy-and-hold single-family and multifamily properties is a great strategy, especially in a market like Cincinnati, which has solid rental demand and growth potential.

For flips, calculate the after-repair value (ARV) and subtract purchase, rehab, holding, and selling costs.Pay attention to location, rental demand, and the property’s condition.

Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.The seller has never lived there and has not provided any information on if it has flooded before or not.