The thing is he wants to sell it directly to me (FSBO) without the use of an agent to save on commissions.

Quote from @Jay Martin: Has anyone heard of or used Bluebird lending they have dscr loans, etc. opened in 2018 in Philly, lend in a bunch of states, but hard to find info on them. have not heard of them but based on the website appear legit.

Purchase price: $500,000 Cash invested: $100,000 Buy and hold multi-family property initially house-hacked prior to purchasing the single family in the burbs.

I did extensive research on the market and based on purchase prices and rents in the area it seemed like a good investment.

I’m new to the BiggerPockets community and excited to connect with like minded investors.

You must pay the seller money for the option. 

I just want to make sure the COGS total can be deducted in the year the sale is completed. 

It’s inspiring to hear how creative finance has changed the way you approach deals.

What's the question?

What are the trends showing in the 78747 area?