(They might want more since RE commission costs to seller will be +/- $50k) $600k LA at 5% interest only for 5 years = $30k/year interest income X 5 years = $150k interest income. 

If they cause a sewage back up because they are flushing wet wipes and the cost of repair is $760, who is paying for it?

Tough neighborhoods still, but plenty of fixer uppers and low cost plots make it ideal for scrappy individual investors looking to get started on the cheap.

I’m not sure that either cost anything for the buyer, but there is a big difference in cost to a vendor that sells a home.  

A lot of lenders have a seasoning period of 6 months in order to use appraised value not cost basis.

Hi @Adelaide Ning, I manage a few MTR's here in Indianapolis for for clients based out of California, this is a great market to get into based on the growth this city has seen over the last few years paired with the low cost of entry.

Partner Driven financed the Millgate Drive deal using its own capital, covering the $115,000 purchase price and $33,396 in renovation costs.

We took over a project that had stalled due to lack of funding to continue rehab.

With regards to the cost to step foot into this loan I’d be paying the 5,000 she has in equity plus the difference in purchase price to sale price ? 

I was thinking I can use those funds for the down payment and closing costs for turn Key properties in Ohio.