Ability to find properties off market6.

However, achieving success in this space requires more than purchasing property—it takes strategy.

Quote from @Christina Venegas: Quote from @Dominic Mazzarella: Quote from @Christina Venegas: is it possible to do HELOC on a primary home that was purchased 6 months ago with 5% of down payment, the property was $145k and it was appraised at that time for $160k. i need advice from investors and lenders, if anybody knows some lenders that could help me I would really appreciate it, thanks for taking your time to respondIt’s definitely possible to get a HELOC on a primary home, but most lenders have a seasoning periods which are typically 6-12 months after purchase before they’ll allow it.

When I purchased the property it was currently bringing in $1,000 per month total in rent.

Based on your question, I'm assuming you're looking to flip this property rather than rent it out, is that accurate?

It's a C class property.

Warning:If you depreciate a property down near zero and then have to sell your property at a loss during a situation of distress...You could end up giving all the proceeds to the bank AND owe the IRS a big chunk of money for recapture.Long-term tax planning with real estate needs to be coupled with risk management and making sure you don't lose any properties.

Does anyone have strategy recommendations for purchasing multi-family properties with zero-low downpayments?

But while I had my properties in section 8 it was generally fine.Like any, if you show respect to the property and tenants, they will typically show respect to you and the property. 

With proactive planning, they should be able to close on replacement properties within the 180-day period.