In my market, agents/investors/wholesalers pitching creative financing get this objection as well.They typically have a 2nd offer (usually much lower purchase price) for the owner to be able to accept now and cash out. 

That means you can spend up to $70,000 on the purchase price and renovations and it would still be considered a good deal, according to the 70% rule. 

However, the house is not selling, having me consider more than once to rent it out, tap into my equity, and purchase a fixer-upper triplex in another part of town (where I would also live).

Purchase price: $60,000 Cash invested: $20,000 Sale price: $240,000 Lakefront duplex Denver Colorado.

Purchase price: $560,000 Cash invested: $55,000 The strategy going in was part live-in-flip, and part ADU value add.

Purchase price: $162,000 Cash invested: $1,460 Sale price: $272,000 Contributors: Peter Vekselman Partner Driven, in collaboration with our partner Seth Choate, successfully completed a deal on N Pasadena Ave, Waterford, CA.

Purchase price: $175,000 Cash invested: $34,000 Sale price: $750,000 Single family Vacation rental direct sail boat access.

You have to purchase a larger single family homes, 6+ bedrooms.

Hello there,I am a first time "out of town" investor, looking into Pittsburgh's Metropolitan for my first deal.I focused mainly on Allegheny county mostly, but having a bit hard time focusing on one specific area.My strategy is to purchase a property for long term rentals.I was hoping to get some insights into attractive areas for first timers such as myself, with good prospects and at reasonable costs?

Recently I purchased a property with one month tenant lease.