A good deal.Price was low, cash flow was high - but as i already had bought two units this year i had not build up too much Equity so i was not able to find 30 procent free cash....But i could not forget those two units...I believe i read somewere in this site on some of the good rules when you buy properties;If you cannot find the free cash there might be something Else you have that the seller would like to have....from you instead of cashIf there is something you really want to have... you might have to give something Else up... to get what your goal is...To make this deal happen -and as i did not have the free cash - i started thinking of what did i have - with value - and i was willing to Trade in this deal...I ended up trading in my lovely BMW :o) :o)The point is, that if i did not read these posts on this site - i would never had got the idea of Trade my car into a property deal.

But for just saying "Hey Joe meet Sally, I think she might have something you might be interested in", I think if they bought you a beer or a lunch after they struck a deal, that'd be a nice gesture and about all I would expect if it were me.  

I bought my first house (primary residence) in 2013, fixed it up while living in it for 4 years and sold it in 2017 for a decent profit. 

So we kept renting and finally bought our own home.

Using my knowledge about rent amounts, I bought a property a property for 37k.

I have one property that I bought 5 years ago from a family member and now am trying to start purchasing more and making it more of a business than a hobby.

Its also worth mentioning the owner bought this property last year from previous owner for $490,000.

What if I bought a turnkey home outright, hard cash buy, with tenants and I collect rent money monthly. 

Its also worth mentioning the owner bought this property last year from previous owner for $490,000.

Those who purchased 20-30  years ago in Western Nassau near the border with Queens are sitting on a gold mine.