The bank must be outside of their hot damned minds.

The advantage of this is that you can sit on the sidelines if you think the market is too hot.

I’m new to this BP. Looking to buy my 2ndinvestment property. Duplex 2 of 2 units leased out in Oklahoma City, OK. Each unit 2 beds and 2 baths. Built in 2016 & 55+ Community w/ HOA.Asking: $334,00025% Down: $83,7...

I'm in a VERY hot market and answering all the calls myself (no recording) for that personal touch.

Now it seems like everyone wants to cash out with the hot market but it may be a good way to find deals in slower markets with properties that sit on the market.

Jay Hinrich recently posted on BP about this very issue and the hot water investors got themselves into when the banks froze the line.

Tampa is a hot area for investors.

This is the type of deal I would expect in a hot, competitive market in an appreciation heavy area.

I had professionals replace the roof, heating, hot water, paint, and upgrade my electric, but everything else I'm pretty capable of doing.  

know the age of the furnace, ac, and water heater. make sure the plumbing, roof, and foundation are good. if you do your homework and it checks out... i would say you have a solid deal. unless this place is hot and getting a lot of offers, i would ask the seller to pay some of the closing costs too.