Having the seller carry a second is not a problem for the first, as long as their business with you is finished and the loan has closed.

The lender will be looking for close to that amount.This is not a sub to deal at all.

Maybe go prepared with a spreadsheet of fix up costs prior to just hitting her up with that.

You paid 1% origination, closing, legal etc, and 4.5% interest.  

Since you're so close to Loyola and not too far from Northwestern, I imagine you might have a pool of people who need temporary furnished housing while they study, do a medical rotation, or travel in the medical industry.

In Metro Detroit, and I'd think in most Midwest cities, investors really have two options:1) Buy Class B and either put more down to cashflow at closing or deal with 1-3 years of negative cashflow until rents increase.

While I’m based virtually, I’m actively working with investors and sellers across the state.Here’s what I can offer:Distressed land deals in Arizona—perfect for flipping, building, or holding onto for future development 🏞️Fixer-upper mobile homes at prices well below market value, ready for rehab 🏚️Off-market properties you won’t find on the MLS 💸If you’re looking for straightforward deals with quick, hassle-free closings, I’d love to chat.

It ended up being the main water line to the house that was old/rusted/damaged.

Purchase price: $650,000 Cash invested: $138,000 My business partner and I picked up this 25 lot mobile home park in Owensboro through a wholesaler.

Do we try to just buy a modest house through foreclosure or some other screamin' deal, house hack, then build up our portfolio from there?