Purchase price: $325,000 Cash invested: $50,000 This time I acquired a property that needed little to no work.

They give the same $12k in closing costs to new buyer, $24k in realtor commissions, tack on say $4k in late fees, foreclosure costs, etc etc etc  so they “net” $360k.

@Krystal Lozano A good majority of areas still produce day 1 cash flow for multi family in Pittsburgh with a 20-25% down payment.

Also, there may be a very good investment channel that reviews cash on cash return in Lynchburg, InvestLYH. 

Balloon Payment:• At the end of 24 months, the buyer will make a balloon payment for 50% of the remaining balance of the loan.• This balloon payment will be paid through a cash-out refinance of an investment property valued at $198,000.7.

Purchase price: $240,000 Cash invested: $60,000 purchased this distressed duplex using owner financing for $240K and a $60K hard money loan for renovations.

Lots of wholesalers are nothing but contract executors and do nothing but tie up properties without the ability to sell to and end buyer.

How did you find this deal and how did you negotiate it?

You can find one that specializes in STRs. 

I've noticed that properties with virtual tours tend to get more engagement online, and investors/agents who use them often say they help attract more serious buyers and renters.