I'm ready to sign an offer to purchase on a property that has water in the basement/foundation cracks. 

I talked about the first purchase in bigger Pockets Podcast #82. 

How much return would you need to purchase and hold my property, while I lease it from you with a 5 yr option?

I haven't done any subto deals, but I've completed 11 transactions within the mentorship and have 2 more under contract for purchase.

The property taxes are being reassessed yearly and probably you will only get the new taxable value 12 to 18 months after the purchase. 

Let's say you want to stay conservative and only take 50% LTV, or $500,000.00, so that you don't have to sell anything in case of a market correction and there's a margin call.Step 2:  Purchase a rental property, all-cash, with that $500,000. 

Purchase price $240,000, rehab of $40,000, probably worth 320000 after rehab. 

I would like to possibly purchase a multiplex 2-4 units that is a proven winner when comparing costs to return. would this be ideal?

Wholesalers and RE agents have a very similar goal: Identify homeowners who are looking to sell their property.In my opinion, agents can service a wider range of potential clients when compared to wholesalers.

Hi, I have a duplex near Newark NJ that I purchased 4 years ago under my name, and have since turned into a rental a couple years back.