We ran all the numbers and decided the 5% down with some left over for the value add on the 3br 2ba unit was the most profitable option.Will share some photos once the rehab is done!

Hello BP members,I'm a new investor looking for some solid advice on my first deal.  I've been listening and learning for a while now but still a bit trigger shy.  I wanted to invest locally since this is my first dea...

Both of us on loan, we get owner occupied interest rates and flexible down payment amount (although I feel I would want to put down 20% to remove PMI)Once Dad sells his home (easier to do than finding a duplex) he will give me about $55-65k of the profits, be the owner occupier in a duplex, go halfsies on repair/cap ex, but only wants to pay about $500 per month (he'll adjust for inflation!) 

Couple things to remember Cash is king always will be and You can never lose money by taking a profit.

Is it that there is so much owned by so many that nobody can buy a large enough amount to profitably build something? 

See if they want to invest for profit on your venture.

I am trying to get my first wholesale deal so I can use my profit towards marketing to leverage my business.

Use the 1% rule as a starting point to cut out all the “distraction” properties and get you honed in on the profitable properties and areas within those sub markets.Then, when you have your financing together, find someone who has a great property and great tenants and great return, and buy the house next door. 

What is the best strategy out of the two I am about to put down below Strategy one: Flip homes sell them, take profit and keep flipping, paying taxes at the end of the year Strategy two: Flip homes 1031 exchange profit into the next deal until you have profit greater than your flips that you have to buy multiunits due value of past properties being a good amount of money.

I figure doing my own flips and renovations will offer the highest potential for long-term profits with my current situation in a rural area.