I called a dozen lenders yesterday and they said no because:Small town.Small amount (purchase price is 97k)They don't deal with those kind of properties (Half the house is a mobile home on land, built in '72.

Purchase price: $240,000 Cash invested: $39,000 Sale price: $342,000 Held property for 3 years and rented out the property for 2 years with a rental profit total of $22100 How did you finance this deal?

It's a super affordable real estate market where you can still find deals that hit the 1% rule anywhere from $120-180k for a single family (or $200-250k for a multifamily) purchase price.

Or buy something that needs some love and some hard money lenders will fund up to 90-100% of the purchase and rehab.

I purchased my first property in April of 2024.

Purchase price: $55,000 Cash invested: $440,000 Currently under construction and pre-leased for $6,195/month, this 7-bedroom, 5-bathroom student rental in Clemson, SC, was built using investor cash and designed for high-end student living.

Purchasing a fully furnished 3-bedroom home minutes from a large hospital and a SUNY University.Whom (at the hospital) would I contact to determine if there is a market for mid term rentals.

We are seeing much longer wait times on purchases to be cleared for disbursing funds than refinances.

I am learning a lot about real estate and want to purchase a rental property in my area.

Purchase price: $270,000 Cash invested: $54,000 A multi-family upper/lower duplex in Ankeny found off-market during COVID.