They may try to buy a house a few years down the road and pay you off.4.

After a month went by with the owner not willing to do them and knowing I bought homes as-is, he asked what price I would buy it for a project.

Investment Info:

Condo private money loan investment.

Purchase price: $11,000,000

Cash invested: $2,200,000

https://www.theluxuryteam.com/casa-murano-las-olas/

Casa Murano - Fort Lauderdale, FL

I don’t buy properties that don’t cash flow as it’s a nightmare to end up owing $800-1000 month to own an investment property.

What I really love about this strategy is that you can often get a nicer home this way compared to buying something that already had a basement unit.

Buying 5 single family homes is likely going to be a lot of work and there are other assets that cash flow better and are more liquid.He also has the ability to 1031 his equity into passive investments (which is a common strategy for property owners who are retiring).  

I think my big question is the 7 day minimum, I haven’t actually called the offices to confirm but 7 day minimum is not good for business   @Joshua Messinger I would love to see what the numbers look like through as many sources as I can get.  

This would be my very first rental.I have an opportunity to buy a house from an old neighbor for $425k.

Investment Info:Single-family residence buy & hold investment.

Welcome offically to the BiggerPockets platform @Randi Nicole!