We also were able to take over the property with 20% of equity built into the deal, and it is newly renovated.

Let me know if you want to see some properties in Worcester.

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.

Property taxes are $6,156 annually ($513 /mo).

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.