You mentioned the ability to have a cash flow producing asset so that you can ride it out until interest rates make sense?

Just expressing some thoughts on this potential deal and curious how others wouldMove forward to produce a win/win end result.

Purchase price: $17,200 Cash invested: $1,500 Sale price: $29,000 we found this house from a landlord that wanted out of the business. the home needed a simple paint job. after a new paint job we placed a quality resident in the home for $650.00 mth producing a 13-19% roi.

I have been thinking about building a team to start our investing up near Binghamton; my partner and I have been analyzing tons of properties (all that I've been able to find on Realtor.com, etc) and quite a few have produced fantastic cashflow/cash on cash ROI numbers.

Feeling detached or distant from yourself, your body, your physical surroundings, or your memories?

Initially however, I cut my teeth by working on a high-producing residential real estate team. 

(CURRENT NORTH CHARLESTON CAP RATE IS 7.1%) ----------- RENTS ARE AS FOLLOWS: **UNIT 1 - $1200, **UNIT 2 - $975, **UNIT 3 - $850, **UNIT 4 - $750, *UNIT 5 - $575 --- Seller can produce all rent rolls and expenses, rents are easy to collect per seller.

I would do whatever would produce me more money.So do the formula ARV-immediate repairs*70= Asking price.Take your asking price and minus the sellers asking price(how much you would get if you wholesaled it)Compare that number to how much you would make if you decided to flip the home.Thats how I would go about doing itSample:Take the comps( 3 homes within .6 miles from your potential home that resemble you potential home in BD BA and SQFT)130k 101 west yellow st150k 222 blue ave140k 254 orange rdSay those three fit the criteriaAdd them up and divide by 3That is your ARVfor the sample the ARV=140kThen have a contractor come look at the property to determine what repairs need to be done to the home say that your repairs needed are 7,900 kTake your numbers 140k-7,900*.7=92,400 92,400 is the max that your offer could be.Say the seller wants 60k your wholesale fee could be 32k-clsoing cost ectOn the other hand what if you want to fix and flip it.

Once you have the solid foundation and the brick above it, you'll find a lot of these places were originally slate-roofed as well, because there was plenty of local slate and slate-producing concerns.

Usually, this is done for much higher dollar amounts (over $2 million in many cases) for later commercial income producing property.