Right now, I am renting but have a goal of purchasing a duplex, triplex, or quadplex in the coming months.

Hey everyone, I’m trying to decide between purchasing a single-family home or a multi-family property for my first real estate investment in Detroit, and I’d love to get some advice. 

I've found an off-market property that would require $175k purchase, $35k down, $20k in repairs, with a conservative ARV of $235k. 

Hey Cameron, for experienced investors I can lend up to 100% of the purchase and rehab costs on 1-4 unit properties.

Quote from @Dennis McNeely: In a sandwich lease option, the investor exercises their option with the property owner to purchase the property when the tenant-buyer indicates they're ready to exercise their option and purchases the property.

Yes quite a few of our 5,000 options have rate and term or purchase!

I am interested in purchasing a new investment property and have been pre-approved for up to $700,000.

However, a common benchmark is aiming for at least 6-8% cash-on-cash return based on your total investment (purchase price + rehab + closing costs).Always factor in appreciation potential, tax benefits, and personal risk tolerance.

Purchase price: $205,000 Cash invested: $60,000 This was the first property I purchased.

I found a house that I like to purchase in a great neighborhood and the exterior looks great for a 1922 stick built house.