Home is potentially upside down on mortgage (verifying that) and current owner wants too much for the house.

We have specific and unyielding criteria for this, which we provide to all potential borrowers in advance.

Additionally, timing the sale in a lower-income year or exploring potential deductions could further reduce your tax liability.

The impact of not having F/f financing is large (>10%) if the appraiser recognizes this potential issue.  

All too typical park owner who took all the profit out of the park without reinvesting in the business then wants to sell you the potential he was too cheap to invest in. 

Here's a breakdown of the situation:Current Occupancy: 80% (16/20 units occupied).Current Gross Rent Roll: $14,265/month.Market Rent Potential: $17,665/month (100% occupancy).Renovation Needs: 15 units require full renovation ($10K/unit), 4 units are 75% renovated ($2.5K/unit), totaling $160K in renovation costs.Vacancy Loss: $41,820/year in lost income due to current vacancies.Cap Rate AnalysisThe seller lists the cap rate as 9.59%, but this is based on the projected NOI of $119,858 (assuming full occupancy and market rents).

But by coming together with others, one can get in the game and put their money to work in these bigger, potentially greater return deals without having to do it solo.

I've been trying to save up for what could potentially go wrong like cap ex things.

Don’t be one of them.There were different ways that potential buyers wasted my time.

I was particularly drawn to this deal because of the strong growth potential in Bushwick, Brooklyn.