Purchase price: $570,000 Cash invested: $175,000 Purchased this rehab property in April for a building that is widely overlooked if you don't know the area.

Hello all, I am currently trying to learn how to find and purchase pre-foreclosure or just foreclosures in general.

So, if you purchase a property with a positive cash flow of say $3,000 per month, that’s $3,000 per month that can pay down the student loans.  

This is my first purchase.

Purchase price: $137,999 Cash invested: $15,000 Sale price: $260,000 Rental House purchased in 2006 and was my primary residence until 2019.

Why do you think purchase contracts are so long and have such small print?

What are the numbers on if I use $200k and purchase a duplex cash that would rent for $2,000 month(1% rule)?

I would echo what many other people are saying - decide what your reasons are for purchasing, is it purely based on returns or is it somewhere you'd like to also vacation?

@Mark Miles Thanks for sharing the info about the Poconos, I have an offer to purchase 3 STR all together spread out in the Poconos and still trying to decide about this area and how quickly I can have them up and running.

Considering that DSCR  = NOI / Debt Service and NOI = Gross income less operating expensesWhen institutions are looking at operating expenses for a new purchase, how are they calculated?