Hi Joshua, the amount of down payment also changes with the cost of the property, so starting with a less expensive property may be smart (for multiple reasons).

This is platform for professionals and novice investors and you will learn a lot of valuable, hard-earned lessons in a short amount of time.

Your new ARV(after repair value) should be supported by an adequate amount of comparable sales in the area(duplex's).

Also, as fyi, the load amount is for $487,500 (I'm not entirely sure if that would fall under a large transaction category).Yup  I would say there is a good chance that you front the 7500 and don't get the loan.. 

Welcome to the community and be ready for a huge amount of information at your finger tips.

If you do not reinvest all the proceeds, any excess amount not reinvested is immediately taxable.

I did this and I found out that there is a surprising amount of people in my life that invest.

Ah screw it, you can sell it for the same amount right.

Some of these new age syndicators are raising money in incredibly small amounts and I believe are intentionally pursuing these smaller dollar amounts because of the unsophisticated individual behind those dollars.

The tenant must pay the full amount owed to avoid eviction, even if the judge ruled in favor of the landlord.").