Hey BP community,
I’m looking at a short sale property in Florida and considering making an offer. I’ve never done a short sale before, so I want to make sure I’m not missing anything important.
For those who have b...

I think most people have no idea about theses products.In these times of tight inventory, I've been promoting for years that buyers should consider these types of renovation loans, or to buy new builds.

PS I’m all for buying real estate , but we know that having a  job can be a blessing for many people starting out. 

@John Barton so if you are buying a 2-4 unit property then you should absolutely be able to use that income to help you qualify. 

- EXAMPLE: Property 1 - $100k ARV x 80% = $80k - $24,750 buy = $55k for rehab.

However, you could buy a property with seller financing.

Purchase price: $550,000 Cash invested: $145,000 Sale price: $915,000 This was a home run for a long term (5 years) buy & hold investment property (I specialize in this area). - Initial investment of $145K (DP+closing)- It had one tenant for 5 years and 3 months (no turnover), and the tenant paid off the mortgage and expenses in those 5 years.- I spent around $30K to do upgrades before selling.- Sold it for $915K after 5.5 years (received $442K at the closing)- Did 1031 exchange and bought 8 SFH in NE & AL worth of 1.6M (brings $4k/months income now) What made you interested in investing in this type of deal?

Investment Info:Condo buy & hold investment.

Now go drive to buy one, of course it's end of the day.  

But if you're aiming for a BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy, finding the right balance between affordability, appreciation potential, and cash flow is key.So, where should you be looking?