I'm looking to purchase my first rental property and have been searching for a deal that would generate positive cash flow based on my projections.

Most commercial lenders do not require any seasoning for that entity which means that you can create an LLC and use that entity to purchase the property immediately as long as you have the proper documents.

(IF you purchased and lived in property asap, then rented it out, then returned to it it sell it years later - better plan.

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.

Did you purchase this property all cash? 

Has anyone ever purchased a property from Omni Key realty in North Texas?

It is possible to get 90% of your purchase price and 100% rehab funded as a first timer in 1-4 units.  

The best option would likely be a construction loan, which can cover both the purchase of the land and the build.

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.

This growth typically drives significant appreciation, which is the key to making this strategy work.For example:Let’s say you purchase a property for $300,000 with 25% down in a market with an 8% annual appreciation rate.