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?

It means a $100k purchase, like a home, in 1980 is exactly equal to a $368,615.38 purchase today.     

I would make sure a bundle of rights for ownership are available individually, per unit of course, then worry about warranty and purchase options.

Hi Troy congrats on your purchase, which it seems you purchased at a forelcousre auction.

The latest storms have brought about heightened attention and buyers are more astute than years past with purchasing flood risk homes.

I'm now finally here in person, and have started to go view places in person with the intent of purchasing. 

As I build my career as an agent, I’m also passionate about real estate investing, specifically with a goal of purchasing multi-family, buy-and-hold properties where I can live in one unit and rent out the others.I’m here to network, learn from experienced investors, and contribute to the community.

Purchase price: $15,000 Cash invested: $25,000 Sub to deal - paid the seller and wholesaler $15,000 + $7500 closing costs to assume $84,000 mortgage with a monthly PITI of $575.

This, in turn, allows for higher rental rates or quicker sales, directly impacting the ROI.I could remember when an investor purchased an old, three-story commercial building at  a bustling downtown area.

We are considering the following options:-I purchase the property from my aunt – Perhaps we can do seller financing to reduce fees?