This is merely purchasing a property that is encumbered.  

Purchase price: $516,000 Cash invested: $600,000 Converted mixed-use 3 residential and large commercial space into 5 residential units and one mixed-use Building.

Have you guys ever purchased a property without physically seeing it?

This will be my first home purchase, and I am aiming to invest in multi-family properties.What should I be aware of when purchasing a multi-family property?

Hi Jeffrey, In Florida, when a property is purchased at a foreclosure auction by a third-party bidder (not the bank), the purchaser is generally responsible for unpaid homeowners association (HOA) assessments that accrued prior to the acquisition of the property according to Florida Statutes.

I'm curious with you and your wife, how did you decide it was worth it to put the 50% down and purchase?

Purchase price: $325,000 Cash invested: $2,485 Long term investment.

Purchase price: $325,000 Cash invested: $2,485 Sale price: $335,000 Low upfront cost due to creative financing.

Our program only requires a small 10% down payment on the purchase price and we will fund 100% of your rehab costs.

Purchase price: $615,000 Cash invested: $630,000 Sale price: $1,500,000 New Construction