Investment Info:Single-family residence fix & flip investment.

I don’t intend to occupy the house as a primary residence but purchase the property as an investment property. 

While his loan isn't assumable, you could structure a deal where you take over payments while giving him equity in a seller-financed second note.

As I reside in Palm Bay, Florida, approximately three hours away from the property in Jacksonville, Florida, I'd be forever grateful for any recommendations for local professionals who can bring my vision to life.

Metro area will lead to there being fewer total units available, and higher occupancy in multifamily buildings.Population GrowthCoStar: Population Growth, DC Metro, United States (1/7/2025) Period Washington United States 2030 0.758% 0.498% 2029 0.758% 0.500% 2028 0.757% 0.507% 2027 0.765% 0.515% 2026 0.834% 0.532% 2025 0.966% 0.563% 2024 0.983% 0.569% 2023 0.707% 0.500% 2022 0.262% 0.423% 2021 0.004% 0.189% 2020 0.123% 0.285% 2019 0.946% 0.514% 2018 0.947% 0.562% 2017 1.058% 0.657% 2016 1.079% 0.762% 2015 1.125% 0.785% Washington D.C Proper surpassed 700,000 residents for the first time since 2019, showing the continued resurgence of the city since issues that arose for the city during the Pandemic (Source).

Initial negative equity position is $50k. $50k / $250 (cash flow) = 200 months (16 years) to recover the negative position.  

Instead they go about it a** backwards and add more red tape and more complications costing the city and it's residents more money

Investment Info:Single-family residence fix & flip investment.

Traditional lenders won’t approve it, and hard money lenders who offer this type of financing all the time look for experience, assets, or strong equity in the deal.Partnering with someone who has financing or experience is realistic approach when starting.

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