I think the numbers look good. 9k down 20% cash on cash, and it sounds like instant equity.....and only 3% interest on a 30 year?!

It might appraise at $350ish so we should have instant equity.

Hello all,My cousin got me listening to the bigger pockets podcasts and I was instantly hooked.

I can look at an area and know almost instantly what the rent will be because of our history in that area.

I don't see why an investor wouldn't swoop up this deal 41k in instant equity and hopefully some good cash flow.

Find a motivated seller and offer 50% of the current value, take you instant equity or start your play from there.  

I think it would a good flip as an option and considering the price and having instant equity it sounds like a win-win situation OR I maybe I can rent it out if I do the lease-to-own and charge $500-600 more than I'm paying in rent now.

I watch numerous property TV shows (such as the property brothers), or that one show where they buy a house via auction and all they're allowed to do is look at it from the outside, make the decision to bid, and instantly they can make $60,000 just by buying it or by a real downer where they have to fix a bunch of stuff before they sell again....

For instant job replacement, you need to focus in big apartment.Multiple Single family is great stable retirement formula.

My plans were to buy it right with an all cash offer to save a monthly mortgage expense and have instant equity, then a year from now I would move out and obtain a loan or heloc for a second home that I would then live in and eventually rent as well.