Purchase price: $60,500 Cash invested: $40,000 Sale price: $205,000 Hoarder house foreclosure. 150 contractor bags, and a couple rollaways of garbage later we could start the demo.

The Larger homes tell a different story, these are more expensive purchases but allow for large groups to travel together and more importantly for you,  split the bill together. 

High interest rates shift that money from the seller to the bank, so the purchase price needs to go down to compensate.

For investment property purchases, there are lenders that will do 25% down for a single family residence and 30% down for a 2-4 unit property.

If you borrow 100% of the purchase and rehab costs your ROI will be infinite and it doesn't matter if your profit is $100 or $100k.

Lenders:Several lenders offer investment property loans in Columbus:- LendingOne: Provides short-term mortgage loans for property purchases, refinancing, and rehabs- Longhorn Investments: Offers hard money loans for Columbus real estate investors- Longleaf Lending: Provides 30-year rental loans for long-term rental property investmentsFor BRRRR and fix-and-flip strategies, consider hard money lenders.

I have a nice fancy fax machine I purchased about 4 years ago.

Ask them for a copy of their purchase agreement and have it reviewed by attorney to see if the terms are acceptable to you.5.

+1 for immersing yourself and finding a mentor/mentors.There is a wealth of info on here and a lot of knowledgeable people who would be willing to help.Other than a book purchase I would avoid any courses, as the info is readily available if you are willing to spend the time to parse it.Build a 1, 3 and 5 year plan and execute while remaining flexible.Good luck!

It might be easier to treat it as a full scenario with Purchase price, Down payment, Term, Prorgam, occupany, number of units/rents per door, Taxes/Insurance (Any flood, HOA) etc.