I live in the greater Naples area.

Purchase price: $169,000 Cash invested: $33,800 Property was recently renovated to increase the value of the property and the cashflow What made you interested in investing in this type of deal?

Loan interest is deductible based on the use of the loan, not the asset securing the loan. 

I did a temporary rate buy down assuming rates would go down much quicker than they are, so the interest rate goes up to 6.1% next year (2025) and again to 7.1% in 2026.

The best part about it.

@Anade DavisHi Anade, You’re on the right track with reaching out to your survey and engineering company—they often have strong connections to local contractors.

So happy for my investors hopefully the rest of the transaction goes smooth so we can get it all locked in and they will have one more property in their portfolio than they did a few months ago.

I turn over to my insurance company and they are paying for the lawyer to fight the lawsuit. 

It's what you paid, minus the value of the land, plus what you spent on long term repairs (roof, furnace, etc.

I've been doing this for almost 15 years in NJ  and the Client pipeline is the toughest part.