However, the property has been having delayed capital upgrade or proper maintenance for a long time.

This month we'll answer your questions and hear from a property manager who has made it work!

@Troy Bailey no we moved on because we got outbid to n the property.

I recognize that the CoC return is not as high as we'd like, but it does come with some built in equity (~$100,000)Details:- 3/2 Single family house (1487 sq ft) with a 1/1 ADU out back- Zipcode 78745- Purchase price: $469,900- Down payment: $50,000 plus CC (includes assignment fee)- Seller Finance $419,900 at 3.5% interest; 30 year amortization with a 15 year balloon- PITI $2744.02- Rental comps: $2667 for the 3/2; $1505 for the 1/1 - LTR according to BP (Total $4172)- Repairs needed - minimal, coat of paint and maybe swapping a window unit A/C for a mini split seems like a deal if the property is worth over $550k like you say it is.

I am not really in a position to purchase my first property just yet, but I am getting all my financials in order and saving up to hopefully buy something next year.

I’ve spent months doing online learning, lots of property analysis, and meeting people.

Hi, I own a free and clear property in Gloucester County NJ with my wife and her parents, and want to put it into my LLC.

My wife and I are interested in learning how to purchase real estate properties.

I feel like the market here is very tight, and most of the properties I analyze are tight or don't make sense.

My name is Cam, and I discovered BiggerPockets on Spotify.I'm 25 and bought my first multi-family property about a year ago.