For illustration purposes, it's quite normal to acquire a mix use building consisting of 9 residential units + 1 commercial space for less than a 9 unit multi-family building would trade in the equivalent location because the commercial space is an automatic disqualifier for many investors.

Acquired 1-bedroom rental property, generating 30%+ cash-on-cash return.

I listened to some of these gurus (including a few people on BP) about acquiring doors to have "financial freedom" and bought 2 Class C properties in Indianapolis, not hating the city just my choice of property purchases - that cash flow on paper has turned out to be -$300 to -$500 a month.

Personally, I’d use it as a down payment to expand my rental portfolio, tapping into financing to acquire multiple properties for better diversification and cash flow.

Is this for a wholesale deal or are you looking to acquire for yourself? 

While we currently reside in California, our focus is on acquiring properties outside the state, particularly in Arizona, Nevada, Texas, and Pennsylvania.

HI Abigail,Acquiring a loan, lenders always look into 3 metrics Income/Assets/Credit.

In September, I found a property I was interested in acquiring online.

. $100,000 is definitely enough to acquire a long-term rental in Montgomery—it’s one of the most affordable markets in Alabama, after all.As for your concern about being unable to lease the property out, I imagine you’ll be fine.

You have amazing loans that were, no doubt, acquired because they were primary residences.