Potential cash flow How did you find this deal and how did you negotiate it?

@Tim Delaney is an investor in the Buffalo market and shares many of your views on its long term potential!

Here’s my situation:Property & Loan DetailsFirst Home + Investment Potential: This will be both my primary residence and an investment property once renovations are complete.Purchase & Renovation Costs:Purchase Price: $100,000Estimated Repairs: $150,000Contingency Budget: $15,000Total: $265,000Appraisal: Post-renovation, the property is appraised at around $360,000—so there’s potential equity, but it doesn’t help me with the immediate cash I need.FHA Loan: My interest rate is around 7%.

Budget between 300K and 400K.Any areas that have the potential for a good cash flow?

You're on the right track to reach out for help here and also to look to your area for potential partnerships.

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.

I saw the potential to cash flow when the opportunity presented itself I jumped on it.

@Yael DoronIf you're working with a $150,000 budget and aiming for high ROI through rental income, consider nearby areas around Phoenix that still offer affordability and growth potential.

., 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.

Assume a couple of months of vacancy, consider potential unexpected repairs (like HVAC or plumbing issues), and test the numbers with rents dropping by 10-15%.