Well my guy that I helped found it on Facebook marketplace the guy was only asking $9,000 and I basically told him I liked it I wanted it and the seller tried to play the smooth saying I've got a bunch of buyers and the price went up and I basically told him to take it or leave it and I bought it for 10,000 bucksHow did you finance this deal?

Purchase price: $66,000 Cash invested: $30,000 Sale price: $169,000 I grew up next door to this property.

Have you attended any local RE meet-ups? 

Have the loan officer you are talking to model out both, so that you know you can close on the multi fam once you close on the HELOC.

SITUATION: SOLD the home under a LEASE OPTION (or it could be even a WRAP AROUND Mortgage (or Deed of Trust) type of sale.They PAY US (on our LEASE or the Wrap Around Note) and We pay the underlying 1st lien lender (serviced by Shellpoint)PROBLEM:The Value of the property has gone up a lot.

By the end of this month, I’ll have saved up around $25,000, and I’m really eager to break into real estate.If you were in my shoes, how would you use that 25k to get started?

I am closing at 6.5% with 1yr PPP and zero lender points right now at 75LTV. 

She signed a purchase contract for $75K with closing within 30 days.  

Join our investor meet up tomorrow at Port City Brewing 6-7:30pm.

Would getting a good VA to handle some of your admin tasks free up enough time for you to make the necessary calls?