Your goal is to plant the idea in their mind and create a situation where selling to you feels like the easiest and most logical solution for them.If you haven’t already, the first step is to get pre-approved for a mortgage so you know what you could afford if you were to purchase the property conventionally.

I can lend up to 100% of the purchase price and 100% of the rehab costs for experienced investors on 1-4 unit properties.

NOI divided by purchase price gives you cap rate. 

Buyers usually want to purchase on today’s value while sellers often want to use future potential of the property (“current rents are below market” or “room to build an additional property”, etc) to increase the purchase price or likelihood of a sale.

We are seeing much longer wait times on purchases to be cleared for disbursing funds than refinances.

Purchase price: $185,000 Cash invested: $35,000 Sale price: $671,000This was our 3rd home.

Purchase price: $645,000 Cash invested: $516,000 80% cash purchase.2,437 sq ft Duplex, with 3b 2b for the front unit (1331), 4b 2b for the back unit (1333).   

I recently purchased a triplex in Pittsburgh and have had success with it so far.

The only two ways to rectify this are (1) purchase the property far below market price or (2) significantly increase the property net income usually through some method of “repositioning”. 

I found a few that I liked and Melissa was able to help me quickly identify which ones were best for me and proceed with the purchasing process.