We cleaned up the place, Added efficiencies such as additional insulation and new plumbing.

We cleaned up the place, Added efficiencies such as additional insulation and new plumbing.

If a wrap is being used, and the existing underlying note is not assumable, then the note holder can accelerate the note at any time, demanding a payoff in full in a time period compliant with the laws of the state the property is located in.Many states, like Texas have state forms in which the blanks can be filled in to be used for an offer on residential property.

Purchase price: $306,000 Cash invested: $5,000 Sale price: $365,000 We purchased a single family home that we intended on flipping but we ended up just holding the home for a short period of time and sell to a buy and hold investor.

Get good at ball parking estimates, place an offer if they accept then use your inspection period to perform the in depth report.

12% came from the idea of the average rate of hard money right now is about 12% plus my thought was a high percentage would attach more people which would offset the high rate with higher volume and we have been turning around properties in 2 months so not a long holding period.

With some quick math, you can calculate what your payback period is in comparison to when your PMI falls off. 

If I take 2017 to 2021 as the five year period and I lived in the house for 2017 & 2018, I understand I need to sell by Dec 2021.

Already talked seller down from $190K, so $168K is where I am in the due diligence period. 

It would be to buy a primary residence with the goal of living in it for a period of time, then renting it out.