In some areas of the country, people would tell you this is not a good enough rent to purchase price ratio, but rents in this area are sky rocketing ($1250 for an average 2 bedroom). 

We found an amazing property that was on a double wide lot with two 2-car garages.

Get Permission to go ahead.2. mini split air conditioner, insulation for garage door pop in options . (1k)3.

mini recap on the numbers:530k purchase, 5% down, 7.5k seller credit.Cash used was: 80k rehab + 30k down and closing costs + 11.4k holding costs = 121.4k Current loan balance is ~502kLooking for my next steps with @Landon Hoon on how to best use the equity gain.

id like to start my rental portfolio and feel this would be a great first property. rental rates for 3/1 in that area are going for 1400 and there is also room in the basement to add a additional bedroom which would juice up the rental rate to 1600-1800!

Hi Calvin, I suggest going to ACRE - tonight (6/5) is their monthly meeting at the Double Tree hotel in Greentree.

And whether year 10 or 15 or 5, one out, I rent out both units for market rates, staying above the red likely in double digit % returns.

Do you know of a good real estate attorney in the Raleigh/Durham NC area who has experience with creative deals such as:wholesaling, assignments, subject to's, wraps, seller financing, double closings, etc.

Do you know of a good real estate attorney in the Raleigh/Durham NC area who has experience with creative deals such as:wholesaling, assignments, subject to's, wraps, seller financing, double closings, etc.

I have had groups of summer interns, construction workers, families and traveling nurses all stay in my 4-bedroom properties.Over the years I have never lost more than a broken lampshade due to an AirBnB guest.