Purchase price: $58,500 Cash invested: $55,000 Sale price: $155,000 Contributors: Peter Vekselman Partner Driven, alongside our partner Billy Medlen, purchased a home on Buffalo Rd in Crocker, MO on 2/1/2024 for $58,500.

Purchase price: $58,500 Cash invested: $55,000 Sale price: $155,000 Contributors: Peter Vekselman Partner Driven, alongside our partner Billy Medlen, purchased a home on Buffalo Rd in Crocker, MO on 2/1/2024 for $58,500.

Looking to purchase one and struggling with the right calculators to determine the real metrics.

The property prices are lower compared to other markets, and the rental demand in certain neighborhoods can be pretty strong.Of course, it's always good to dive into specifics about the areas you’re considering within Memphis.

Shannon,I have some customers that purchased in and around Salisbury, NC and they have found some good deals in terms of purchase price to cash flow ratio on investment rentals.

She has a great online portal for uploading documents and is happy to help with specific questions.

Unfortunately having title issues is one of the reasons that sellers are sometimes willing to do seller financing simply because they know mortgage companies won't approve without proper title work and title insurance so they have to be more creative in the ways they sell but that can be risky for you as a buyer.If you do seller finance I recommend having very specific terms on HOW payments will be made and accepted and using a professional service like https://www.agecroftcapital.com/ for loan management in the case of any disputes - just my personal rec, not sponsored by BP though I do work for BP :)

Purchase price: $41,000 Cash invested: $120,000 3 bed/1.5 bathCurrently rented What made you interested in investing in this type of deal?

Purchase price: $133,000 Sale price: $315,000This was a combination of strategies, but ultimately a successful flip.

In year 3 I went into cash savings mode and saved nearly 15K to purchase a large 4 bed 2 bath single family house which needed some work.