Purchase price: $415,000 Cash invested: $90,000 MY FIRST RENTAL PROPERTY !!

Purchase price: $920,000 Cash invested: $150,000 Sale price: $1,470,000 Retail Office Space Fix n Flip What made you interested in investing in this type of deal?

So, you can do a land contract for 12 months, which should allow lender to credit you full value of the land vs the purchase price, but the loan will pay off the land contract, so the lender maintains first lien position.Can't help you with the rest of your question, but you should be able to search for "CPA" here on BP to find experts to reach out to.

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

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.

But, yes, it sounds like simply looking at your numbers and determining whether or not you can absorb a salary is the time to consider it. 

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.

Purchase price: $100,000 Cash invested: $35,000 Sale price: $270,000 Hey BiggerPockets Community,I recently updated a multi-family property on a tight budget and significantly increased its value.

I purchased my first property in April of 2024.