Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $167,000

Four-family purchased with a 25% down payment. 30 year fixed-rate residential mortgage. I was able to r...

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $185,000

This was my first investment property purchase. Four-family purchased with a 25% down payment. Was able...

Items start their lifetime as soon as they are put into service. 

Like I said rents in Oregon if you look back were flat for a good 10 years.. there was signing bonus's and rent decreases.. not many if any rent increases the increases were the last 5 years and in some areas they were substantial like 50% in 3 to 4 years.this led to a back lash in the city of Portlandia so now you have all these people screaming for rent control and you have the law that did pass were you have to pay 4500 to terminate a lease.. and other sundry items..

Finding non-traditional sources of labor is a great way to save money. 

Thank you very much I’ll take this info and start checking off the items as I figure it out!!!

And in my experience with that, all of the money I use for a down payment will go to cover all the expenses that one would incur during a traditional closing like escrow, lawyer fees etc.

What alerted me to the fact that he could be dealing with real mental issues was not just using the wrong contract for our first deal and making a multitude of errors on it (which I, the rookie discovered and alerted him to), but when he wanted to go through it line by line, he'd have me read it to him while he fixed the error, and every line he'd be yelling to either read him the whole line, or just tell him the item.

Before purchasing a property you should read the HOA's charter and what they allow and don't allow (some don't allow renters, some don't allow certain rehab items, etc...).

Lease to own and seller finance traditionally both require a larger downpayment.