Purchase price: $84,000 Cash invested: $45,000 Sale price: $170,000 This was my first flip with a partner.

2) The lowest purchase price versus highest S8 rental amountYou can buy a house for $20k in Detroit and probably several other Midwest cities.

Purchase price: $440,000 Sale price: $675,000 Purchased with 5/5 ARM, no money down and walked away from closing with $4,800 in pocket.

My question is – if the seller does not reduce the sale/purchase price and I max out on seller concessions, what options do I have to avoid this “wash”?

You do not want to purchase into an HOA that previous owner did not pay his share of up coming cap ex leaving the buyer to pay the majority of the costs.   

The purchase of the multi family instead of the BRRR seems like a better idea since we are not guaranteed to find a multi family to BRRR with the amount of money we have to use.  

Hello All,I am currently purchasing a 2nd mixed use property in the same market. 

With $200k to invest you could purchase a nice little portfolio of 2-4 units properties her in Columbus.  

I purchased a property via auction in Fostoria, OH.

fbclid=IwZXh0bgNhZW0CMTEAAR1xMWkQcObAajE2Jnm-MvgzUzmtBFZ1DsJfmpng54xOTFdQhD4ILA3skgE_aem_dq00HGIkgh6rlSf94ILsuQ2—Several multi-million dollar expansion projects are happening in Grand Rapids right now, which will continue to drive the need for housing and purchase value up.