When I purchased my first (and currently only) home I actually got a couple grand cash back at closing.

However, these motivations need to be understood as there are so many out there that offer seller financing, get a down payment and design the deal to fail to take it back and do it again.

I just got a job at a bank and have saved up 5 grand the past three months.

I just had a quick question for Ankitt Duggal; what certification/professional designation have you noticed investors looking for, especially in the realm of syndication (excluding a graduate degree in real estate)?

Broker-dealers will want to try to design out too much risk and the underwriting fees will be too high for deals your size.

If its a new listing they might take a few grand off.

We designed the house to client specs, submitted it to the HOA for approval and learned that 1) a 2 car garage was too small, it needed to be 3 car minimum and 2) 3,000SF was too small for a retirement community, needed to be 3,400 minimum.

You can find single family homes that pay 20%+ returns.Interesting that this is your experience... in West Michigan (Grand Rapids / Kalamazoo), there are definitely multi-family homes available that offer a very nice ROI.

Speaking as someone who does industrial electrical systems engineering that provides documents exactly as you have described, this would be a large amount of work.The one line diagram, panel schedule, grounding, lighting and outlet plan, fixture schedule, and panel locations would all be separate drawings taking anywhere from 20-40 hours of work a piece depending on how readily available the needed information is.We have whole teams of people who work to produce drawings like these and we charge clients $60-100/hr for just the design and engineering consulting (drawing creation).

If you are married and your wife isn't working, consider getting her the REAL ESTATE PROFESSIONAL designation from the IRS.