It MAY be fraudulent to offer to purchase a property you can’t afford to buy, but that’s a hard one to prove.  

Originally posted by @Mike Miller:I got my license to write my own offers on my own rental properties I buy. 

Investment Info:Single-family residence buy & hold investment in Topeka.

If you are going to get a conventional loan, you must buy the property in your name.

I'm not sure if I am prepared to buy a property in Columbus on my own, but I may be more interested as an active or passive partner. 

This is important as you don't want to buy something thinking you will exit it and no one will buy it!

I have personally sold many properties where sellers needed to off-load a bad deal after buying unrepresented from a turnkey company.

So depending on what you want buying a business might be the better choice for you. 

@Saul Clavijo make sure you understand you will be getting into Class C properties at those numbers.Food for though below, DM us to chat more about Detroit:--------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

This includes:- Purchase price- Renovation costs- Closing costs (buying and selling)- Holding costsThese expenses offset the selling price to calculate your taxable gain.