Purchase price: $200,000 Cash invested: $27,495 Sale price: $306,340 This project was a very interesting one!

Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio.

They work well for mom and pop sellers that are free of a mortgage and are looking to retire on the cash flow. 

It’s a new truck essentially that wa just waiting for the right owner.

Any tips if I need 10k to purchase cash or suggestions for loans?

An hour drive may be difficult at first, but the thought of cash flow at the end of the month will make the drive worth it.Good luckGino

Just go to the local forums there are deals everywhere IF you are cash.

Yes, this is pretty normal - generally conventional loans like this are super competitive (since everyones essentially offering the same product) so shopping and finding some deals especially with smaller banks and brokers can yield good rates well under the "prevailing headline market rates"

High paying local jobs.Monthly cash flow: $306 /moIncome:  $2,250 /moExpenses:  $1,943 /moCoC ROI: 2.69%5-year annualized return 4.91%   Mortgage payment $1,394.53Rental income: $2,250/mo Expenses: $1,943Loan detailsTotal cash needed $136,739Purchase price$ 336,990Loan amount $206,990Loan term 30 yearsInterest rate 7.1%Monthly expense breakdownTotal expenses $1,943Mortgage $1,395Taxes $280Insurance $47Variable expenses  $180Fixed expenses $42Monthly Fixed expenses: $42 electricity $0gas $0water & sewer $0hoa fees $42garbage$ 0Other$ 0Monthly Variable expenses $180Vacancy $180Maintenance $0 (new construction)CapEx $0 (new construction)Management fees $0 (self manage)ReturnsNOI$ 20,412CoC ROI 2.69%Pro forma cap 6.06%Purchase cap 6.06% 

Good Morning BP,I am starting my investing journey I have partnered with someone for mentorship and he is also my lender so I am a Cash Buyer.