What made you interested in investing in this type of deal?

Purchase price: $245,000 Cash invested: $58,000 House Hack What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

@Quiche LynnIf a home is in foreclosure the options are to work something out with the lender, pay them the amount that is past due or file bankruptcyHow they get the money to pay the lender what is owed can be from any source, but unless that lender is brought current or has some type of arrangement they typically do not stop foreclosure

I think to determine whether you want to do this deal or not you need to look at your long term real estate investment goals and see if/where this type of a deal fits in.

The details matter a great deal on BRRRR. ideally, you want to have all your steps mapped before you even execute on the B, the buy. 

What made you interested in investing in this type of deal?

I'm looking to invest in small multi-families in Pennsylvania, ideally in the $80- 120k purchase price range.If possible !

I was thinking of renting for $1900 a month for 20 years, after 20 years the house would be their's, has anyone else done this type of for sale by owner?

Schedule E typically caters to rental income and certain types of passive income, while Schedule C is tailored for reporting profits and losses from a business or self-employment.