Purchase price: $225,000 Cash invested: $80,000 Sale price: $375,000 This home was a foreclosure, and the home was a disaster.

The rehab budget cannot exceed the purchase price.For a lower-value Detroit Purchase + a 50% rehab budget, say $50k purchase + $25k rehab, the following type of loan scenario would be a possibility:

What are everyone’s thoughts on purchasing properties with tenants in place currently paying below market rents?

I'm an out of state investor and I purchased a duplex in May (Fayetteville Arkansas next to the college).

I am purchasing my first investment property out in Cleveland and need some help figuring out the financing portion.

Just wandering if I need to provide copies of receipt for the actual materials (example pitching cabinet purchase)  or is the builders receipt enough when doing a LTC refinance?

And you wouldn't be able to get it in writing until AFTER you purchased the property. 

.- Consider holding periods: With a potentially slower market, be prepared for slightly longer holding periods between purchase and sale.- Target desirable areas: Research neighborhoods with strong fundamentals, good schools, and amenities that attract buyers.- Stay informed: Keep a close eye on market trends, interest rates, and local economic factors that could impact your investmentsI also lend on fix and flip projects so let me know if you're looking to get an additional quote for your next flip! 

There is a lot more that should be said, but I would say figure out your time horizon for buying a property, North or West SA, find what purchase price you can afford, how much you can put towards a rehab, how fast can the rehab be done, and your exit strategy for when it is flipped.

I'm seeking suggestions on how to expand beyond my current investments, which consist of one long-term rental and my current primary residence.Background: In 2020, I purchased my primary single-family home near Camp Lejeune, NC, using a 0% down VA loan for approximately $184k.