Next up is a huge financial hit: closing costs.

@Daniel GrantzRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

@Hector Lewis - The decision ultimately depends on your current cash reserves relative to your financial needs, as well as your willingness to reinvest for potential appreciation.

My goal right now is show them a few different options and the financials.

That had even a passing resemblance to tax returns or financial statements4.

In general everyone just wants to help each other get to financial freedom through Real Estate.Looking forward to posting progress on all fronts here.Cheers everyone, hope yall are having a great 2025 and remember small progress is PROGRESS!

Distressed properties are real estate assets that are usually sold at a discount due to financial or physical distress.

So PLEASE don’t make another huge financial decision and then tell that same person after you do it.

🙌 I love your focus on helping others achieve financial freedom through real estate – that's what it's all about!

Quote from @Shawn Questa: Hi all,I am curious what some of the Pros would do to Help a Seller in this situation while making a Deal happen.I found a 200+ day old MLS Listing where the Agent said the Seller is in Financial Ruin, hasn't Paid the Mortgage in a year, owes about 180k on an approx. 210k House and multiple Buyers have backed out.I don't know how someone could not Pay their Note in a year and not at least be in Pre-foreclosure.