Purchase price: $189,000 Cash invested: $90,000 Sale price: $375,000 Our first flip.

Detroit is one of the few places left in America where you can purchase a sub $100k property. 

The intent of the BOI law is to have a record of all who own or have controlling interests in companies, in the event that such companies are involved in financing terrorist activities. 

Purchase price: $60,500 Cash invested: $40,000 Sale price: $205,000 Hoarder house foreclosure. 150 contractor bags, and a couple rollaways of garbage later we could start the demo.

The Larger homes tell a different story, these are more expensive purchases but allow for large groups to travel together and more importantly for you,  split the bill together. 

High interest rates shift that money from the seller to the bank, so the purchase price needs to go down to compensate.

If you borrow 100% of the purchase and rehab costs your ROI will be infinite and it doesn't matter if your profit is $100 or $100k.

I have a nice fancy fax machine I purchased about 4 years ago.

For investment property purchases, there are lenders that will do 25% down for a single family residence and 30% down for a 2-4 unit property.

Lenders:Several lenders offer investment property loans in Columbus:- LendingOne: Provides short-term mortgage loans for property purchases, refinancing, and rehabs- Longhorn Investments: Offers hard money loans for Columbus real estate investors- Longleaf Lending: Provides 30-year rental loans for long-term rental property investmentsFor BRRRR and fix-and-flip strategies, consider hard money lenders.