I pulled out the land value if the ARV is 70, then 20k for land is more than enough.Originally posted by @Jay Hinrichs:Originally posted by @Lesley Resnick:The profitability of this property is in the: Depreciation, property tax , mortgage interest & principle pay down.  

Finally, the reason they are getting away with it is because they are pulling from their investors' 401K instead of bank transfers and wire transfers.

By then, you could refinance and pull out some cash, maybe even more than you invested, and move onto the next project.

I’ll be sure to pull from as many sources as I can and talk to many different people and hopefully pull from successors as well.

I pulled the trigger to fast and the title can not be edited once it is posted The title should be: The market just made a move, did you see it?

Would you bump that up and if so, where would you pull that figure from?

When I pulled the county records it shows a Contract for Deed detailing out a seller financing situation.

First, I’m glad you pulled through that rough time with your head up.

My agent has recently shared a listing of a potential monthly income rental property in Puyallup areDetails:4 Plex (2 of 1 br/1ba and 2 of 2br/1ba)Located in South Hill neighborhood in PuyallupBuilt in 1976 (needs some renovation)Current Monthly income: $3k 5% CAP Rate(With renovation can potentially increase monthly rent up to $4.5K 8.9% CAP Rate according to Rentometer.com)Knowing that real estate market in Greater Seattle area is slowing down, should I pull the trigger on this opportunity?

Value of the properties is 40k each (160k total) looking to pull out 110k.