Here's the breakdown:Financing: We used a seller carry deal with 25% down ($100k), a 30-year term (balloon in 10 years), and a 4.68% interest rate.

., known for its upscale appeal and strong demand for vacation homes.Properties in the Hamptons attract affluent buyers and renters, offering a high potential for appreciation and steady rental income.he property may have been undervalued due to its condition, presenting an opportunity to add value through targeted renovations.

There’s huge retal income potential if you nail that balance between improvements that wow tenants and improvements that merely look fancy but don’t justify higher rents.I’d also keep an eye on how your high end plan fits the local demand.

In fact the demand is stronger than I've ever seen it, though prices are high.

To adapt, focus on refining your ARV and repair cost estimates, explore off-market deals, and consider creative financing strategies like seller financing or partnerships.

Where you would put in the mortgage the seller is financing.

The seller is open to seller financing, which presents an incredible opportunity to grow without traditional bank financing.

Title spoke with seller and seller happily signed the release.

learn about as many strategies as you can then open up a prop stream acct and go to town looking for motivated sellers in Middletown.  

I found the deal, negotiated the price with the seller, and did the work to get the deal done.