Hi, I'm seeing a lot of great opportunities for houses that are up for "auction". These homes are cash only deals though. Without having the cash on hand I'm wondering if a private money loan is the only type of finan...

Agreed mate,43606 is mostly rough and 43610 and 43620 is hit/miss.Put In Bay has a total of 7 houses hahaBowling Green quite expensive and only 1 target tenant and they are students...Online stats/demographics are one thing, real life and on-ground experience is another.As an investor you are limited if your decisions are based on solely online research.Had an investor that bought 6 properties from us ages ago and was using some weird online algorithm and plugging every deal I sent him through RentFax (I easily send 30 or so deals for consideration).I advised against this strategy but it is what it is.Didn't work out for him unfortunately and he decided to sell.Maybe I should get him to post a thread and throw us under the bus.It's always our fault, right?

Should I pull the trigger on a investment property now or should I wait until I graduate college to purchase something?

Why do you think purchase contracts are so long and have such small print?

Eric - See below for my initial thoughts:- The ARV seems a little low for my liking relative to the initial purchase price and renovations.

Rates for DSCR on a purchase today with good FICO should be in the low 7s so just run Market Rent Divided by estimated PITI and if you're above 1.0 then you don't need to worry about the appraiser's opinion of that basement (my gut says appraisal gives no credit to projected rent out of the unfinished basement... but perhaps it doesn't matter?)

I am considering taking out a HELOC on this property to purchase another property closer to my primary residence.

You can meet flippers at meetups or try to obtain a list of people who have purchased houses for cash in your markets, then call them and see if they are interested in more.

I have been living in a duplex househack that I purchased in 2021.

Purchase price: $60,000 Sale price: $87,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Mark Raby, successfully completed a deal on Garfield Street, Sioux City, IA.