Purchase price: $118,000 Cash invested: $30,000 This is a single family property this is rented by the room.

So, sellers can also be asked to sign notarized affidavits personally guaranteeing the validity of leases and ledgers.So now, let’s get to the clause to include on your purchase agreement to make sure you get all this information in enough time toreview it.Seller(s) agrees to provide the following to the buyer within X days of buyer’s satisfactory inspection, but in any case at leastX days before closing: All rental leases, rent ledgers, tenant(s) valid phone numbers and email addresses, rental applications& supporting tenant identification, income and asset information, any documents corresponding to any ongoing legalactions pertaining to the property, leases, service contracts, etc., at least three (3) months of the most recent bankstatements for any account(s) rental funds were paid into and any company or corporate tax returns for proof of income andexpenses.

California based investor looking to purchase single family properties all cash in Ohio and Kentucky. 

Each option has its pros and cons, and I'm hoping to get some insights from this community to make a more informed decision.Option 1: Building an ADUPros:Increased Property Value: An ADU can significantly increase the value of my primary residence.Control and Proximity: I can closely manage and maintain the property since it's on my land.Potential for Higher Rent: ADUs in bay area can fetch a good rental price.Flexible Use: ADUs can serve multiple purposes – home office, guest house, or rental unit.No Additional Land Purchase: Utilizing existing property means no extra cost for land acquisition.Foundation improvements: I will get an upgrade for my foundation which increase house stability.

I'm looking to purchase another home or undertake a flip.

With many people's help I recently made my first buy-and-hold purchase of a duplex in Fort Wayne, as an OOS investor! 

That money goes towards the purchase if made, or is forfeited if no purchase takes place.

Purchase price: $55,000 Cash invested: $30,000 Purchased property was renter-occupied at $600/month at the time of purchaseDid not renew lease with tenant.Completed full Renovation at $30,000 6 days on the rental market before the property management team got a signed lease at $1200/month Renter moved in July.ARV $179,980 What made you interested in investing in this type of deal?

Cost-Effective Entry:Buying a duplex often requires a lower down payment compared to purchasing a multifamily property (5+).

The tried and true way is to purchase a off-market property, rehab for no more than 75% ARV, refinance to get your money out or payback the private hard money loan - start short-term leasing the property.